Collusion
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.
Category: Banking & Finance
Previous: ← Clean-up merger
Next: Commercial Credit Risk →
More from this Section
- Double indemnity rider
Double indemnity rider is a benefit that can be added to a life insurance policy doubling ... - Replacement cost insurance
Replacement cost insurance is a property insurance by which the insured is indemnified ... - Bundling
Bundling is provision of more than one product or service to a customer at an inclusive ... - Net Worth
... - Completed operations
Completed operations are liability arising out of faulty work performed away from the ...