The Foreign Corrupt Practices Act (FCPA) doesn't apply to countries where bribery is common. is alleged by its critics to put American companies at a disadvantage. carefully distinguishes bribery from extortion payments. outlaws "grease payments".

The answer is below

Explanation:

Bribery is an act which describes a situation in which an individual or group of people involved, are offering some form of items of value, particularly money, in an exchange to get something done, most specifically, something that the person offering the bribe is not deserve to get on merit.

On the other hand, Extortion is an act that describes a situation whereby, an individual or person that is receiving an item of value to carry out work, coerced, force or place the giver under duress to pay some items of value, before he could carry out the work, that is expected of him under normal circumstances.

Therefore, the most significant difference between Bribery and Extortion is in the person who initiates the undue influence. If the giver initiates the giving of money or items of value to get things done, it is considered BRIBERY.  On the other hand, if it is the receiver of the items of value or money, is the one that initiates the undue influence, then it is referred as EXTORTION.

Grease Payment on the other hand, is when the initiator gives the receiver some items of value or money to fasten the work that should be done, that is, if under normal circumstances, the job done will take 3 days, but with the money paid, then the smae job get done in a day, that is considered as GREASE PAYMENT.