Means of payment collected by a professional beggar (beggar, lazar) from gifts of charity from others. – In Europe, monks from a mendicant order used to collect money from the faithful to cover their living expenses; today, it is still used in a similar way in Asia. – Money collected by various associations, political parties and aid organizations, usually by means of begging letters. If companies refuse to pay, they are often badmouthed in the media by consumer groups, environmental activists and anti-globalization protesters who send out begging letters. Companies then have to decide whether to accept or pay for the damage to their image, which may have far-reaching consequences, such as a drop in sales, reduced profits and staff reductions. – See badwill, beggar’s bell, cannibalism effect, protection money, hush money, bailiff’s money.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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