collateral fraud

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Definitions from WordNet

Noun collateral fraud has 1 sense

extrinsic fraud, collateral fraud - fraud that prevents a party from knowing their rights or from having a fair opportunity of presenting them at trial
--₁ is a kind of fraud

Definitions from the Web

Collateral Fraud

Description:

Collateral fraud refers to the deceitful act of providing misleading or false information regarding the value, ownership, or existence of assets offered as collateral for a loan or debt. This type of fraud typically involves intentionally inflating the value of assets or knowingly misrepresenting ownership to deceive lenders or creditors.

Senses:

Noun:

(Finance) The fraudulent act of providing misleading or false information about collateral assets.

Usage Examples:

Noun:

John was charged with collateral fraud after he knowingly submitted forged property documents to secure a large loan.
The company's executive orchestrated an elaborate scheme of collateral fraud by fabricating sales records and inflating the value of their assets.

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