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

  • Average life
    Average life weighted average of the maturities of various loans or bonds after taking ...
  • Anticipated exposures
    Anticipated exposures— transactions for which there are— at present— no contracts ...
  • Nondeliverable forward (NDF)
    Nondeliverable forward (NDF) is a contract, similar to traditional forward contracts, ...
  • Financial Deepening
    Financial deepening as the parameter to determine the existence of financial intermediation ...
  • Asset swap
    Asset swap is an interest rate swap used to alter the cash flow characteristics of an ...