hongbao

hongbao

Hongbao (Chinese: 红包), literally "red envelopes," are the monetary gifts that are traditionally given during holidays, wedding, or other special occasions. In addition, the term hongbao is used to describe a form of bribery in business in which monetary gift is given to the bribe-taker as a quid pro quo for services rendered. The purpose of the hongbao is usually to encourage the other party to cooperate in the illegal scheme.

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Part of Speech: noun
Synonym(s):
Blossary: Chinese Loanwords in English
Industry/Domain: Culture
Category: General culture
Company: Library of Congress
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