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got a random stanford email and almost had a heart attack
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LSDefine
Simple English definitions for legal terms
payola
Read a random definition: restricted visitation
A quick definition of payola:
Term: PAYOLA
Definition: Payola is when someone gives money or something valuable to someone else in secret, so that they will do something for them. This is usually done in business and can be considered a bribe.
A more thorough explanation:
Definition: Payola is an illegal practice where someone pays money or gives gifts to someone else in exchange for a favor, especially in business. It is a form of bribery.
- A music promoter pays a radio DJ to play a certain song more often than others.
- A company gives a gift to a government official in exchange for a contract.
- A restaurant owner pays a food critic to write a positive review.
These examples illustrate how payola works. In each case, someone is offering money or gifts to someone else in exchange for a favor. This is illegal because it undermines fair competition and can lead to dishonest practices.