Collusion is a secret agreement between two or more persons to defraud another person of his or her right in order to achieve an unlawful objective.

Webster Dictionary Meaning

1. Collusion
- A secret agreement and cooperation for a fraudulent or deceitful purpose; a playing into each other's hands; deceit; fraud; cunning.
- An agreement between two or more persons to defraud a person of his rights, by the forms of law, or to obtain an object forbidden by law.
Share it:  Cite

More from this Section

  • Royalty fees
    Royalty fees are similar compensation for the use of intellectual property belonging to ...
  • Foreign Bond
    A foreign bond is underwritten by a syndicate composed of members from a single country, ...
  • Barron's confidence index
    Barron's confidence index is an index measuring the ratio of the average yield on 10 top-grade ...
  • Haircut
    Haircut is the difference between the market value of a security and its value when used ...
  • Claims-made policy
    Claims-made policy is a liability insurance policy that only covers claims that are first ...