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What is red tape?

What is red tape? Here are some definitions.

Noun
  1. The binding tape once used for holding important documents together.
  2. (metonymy) Time-consuming regulations or bureaucratic procedures.
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Examples
Is this country so bound up in red tape that compassion has been strangled?
The prospect of the red tape involved in applying for new plates persuaded many car owners that this was cheap at the price.
It allows hundreds of people to live the dream of running their own vineyard, without the hassle, red tape or worry.
The theatre's dark today, which is just as well because the police have just cordoned off the top of Roseberry Avenue with red tape.
An anemic supply chain, poor infrastructure, and government red tape have kept manufacturers away for years.
Companies generally need to pay expats more than locals and there's a lot more red tape to go through to get them in.

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