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A bribe is a payment by which the payer obtains some right, benefit or preference to which he has no legal entitlement and which he would not have obtained but for the payment of the money. It is a criminal offence to accept a bribe. Any bribe taken by an agent must be handed over to the principal. It is an offence, punishable by imprisonment and/or a fine, for an agent to accept a bribe, or for a person to offer a bribe to an agent.

Reference: The Penguin Business Dictionary, 3rd edt.