Defraud
Term · Law · MLC-T-LAW-001543
To intentionally deceive another person or entity for personal gain or to cause harm, typically involving misrepresentation or concealment of material facts. This act aims to induce reliance on the false information, leading the victim to part with money, property, or legal rights. Fraudulent conduct can lead to both civil and criminal penalties.
| Identifier | MLC-T-LAW-001543 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001543",
"term": "Defraud",
"field": "Law",
"definition": "To intentionally deceive another person or entity for personal gain or to cause harm, typically involving misrepresentation or concealment of material facts. This act aims to induce reliance on the false information, leading the victim to part with money, property, or legal rights. Fraudulent conduct can lead to both civil and criminal penalties.",
"url": "https://mlchart.com/terminology/law/defraud/"
}
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