Meaning of “payola” in the English Dictionary

business-english dictionary

"payola" in Business English

See all translations

payolanoun [ C or U ]

uk /peɪˈəʊlə/ us informal

a secret payment to someone for doing something illegal in business or politics, or the act of making such payments:

parliamentary payola
Many organizations now have guidelines about payola, intended to prevent an employee from accepting gifts that might compromise his or her independence.

(Definition of “payola” from the Cambridge Business English Dictionary © Cambridge University Press)