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The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
Dishonesty has had a number of definitions. For many years, there were two views of what constituted dishonesty in English law.The first contention was that the definitions of dishonesty (such as those within the Theft Act 1968) described a course of action, whereas the second contention was that the definition described a state of mind.
Whoever cheats and thereby dishonestly induces the person deceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and ...
Unfair business practices (also Unfair Commercial Practices) describes a set of practices by businesses which are considered unfair, and which may be unlawful. It includes practices which are covered by other areas of law, such as fraud , misrepresentation , and oppressive or unconscionable contract terms.
Embezzlement (from Anglo-Norman, from Old French besillier ("to torment, etc."), of unknown origin) [1] is a term commonly used for a type of financial crime, usually involving theft of money from a business or employer. It often involves a trusted individual taking advantage of their position to steal funds or assets, most commonly over a ...
Many corporate-jargon terms have straightforward meanings in other contexts (e.g., leverage in physics, or picked up with a well-defined meaning in finance), but are used more loosely in business speak. For example, a deliverable can become any service or product. [9]
In regard to the fraudulent behaviour of companies, the existing offence of participating in fraudulent business carried on by a company, provided for by the Companies Act 1985, was amended by Section 10 - bringing the maximum penalty from 10 years imprisonment to 15 years [and/or a fine] - and a new offence of participating in fraudulent ...
On the right, real sheet of a theatre surimono by Kunisada; on the left, a faked signature of Hokkei, c. 1825. Forgery is a white-collar crime that generally consists of the false making or material alteration of a legal instrument with the specific intent to defraud.