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Bribery

C.  The corrupt payment, receipt, or solicitation of a private favor in return for an official action.

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Legal Definition - 

Bribery -
The corrupt payment, receipt, or solicitation of a private favor for an official action.

Bribe - A price, reward, gift, or favor bestowed or promised with a view to pervert the judgment of or influence the action of a person in a position of trust.

Black's Law Dictionary® Eighth Edition © 2004

Current Usage - 

Heinrich von Pierer, the former chief executive of Siemens, the German engineering group under investigation for bribery, has told a German newspaper that allegations he arranged bribes are untrue.
"These accusations are not true," von Pierer told the Welt am Sonntag in a story published on Sunday.
The Sueddeutsche Zeitung newspaper reported on Saturday that a former Siemens manager had accused Von Pierer of asking him and others to arrange bribes.
Reuters, April 19, 2008

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