Speed Money - Definition - Law Dictionary Home Dictionary Definition speed-money

Definition :

Speed money, Speed money is the key to getting lawful things done in good time and 'operation signature', be it on a gate pass or a pro forma, can delay the movement of goods, the economics whereof induces investment in bribery, Som Parkash v. State of Delhi, AIR 1974 SC 989 (993): 1974 SCC (Cri) 215. [Prevention of Corruption Act, 1947, s. 5(1)(a)]