The Law Dictionary for Everyone
Misappropriation Meaning in Law The term “misappropriation” refers to the stealing of something, usually money, that was not meant for the thief, but which he used for his own personal gain. For example, misappropriation occurs when the CEO of a nonprofit organization uses monies meant for charity to pay for a luxurious vacation for himself. Another word for misappropriation […]
Read moreWhen someone has a “fiduciary duty,” this means that he is responsible for acting in a way that benefits another person. An example of a fiduciary duty is a legal guardian taking care of a minor. The legal guardian’s fiduciary duty is to make the best decisions on the minor’s behalf, such as medical care and the school the minor […]
Read moreThe term collusion refers to a secretive agreement, which is improper or illegal, between two or more parties to defraud someone, or to engage in some other illegal or illegitimate activity. Collusion may be engaged in by parties with conflicting interests in order to limit or remove the influence of a competitor. It may also be used in an attempt […]
Read moreWhite collar crime refers to non-violent crimes committed through deceptive practices, for the purpose of financial gain. Typically, white collar crimes are committed by business people who are able to access large amounts of money, though the term is sometimes applied to others who pilfer monies in other circumstances. White collar crimes are non-violent, and are committed by a broad […]
Read moreWire fraud refers to fraud that is committed through the use of wires, or electronic means. Wire fraud may be committed using interstate wires, television or radio communications, or the Internet. Wire fraud is an intentional act to defraud another individual or entity of his money or property, and is a federal crime punishable by up to 30 years in […]
Read moreTax evasion in a crime in which an individual or entity intentionally underpays, or avoids paying, taxes. Every year, each citizen who has income and/or assets is required to file a tax return. Each year many people misrepresent how much money they earned, and claim deductions to which they are not entitled in an effort to keep their money away […]
Read moreHealth care fraud is a crime that involves misrepresenting information, concealing information, or deceiving a person or entity in order to receive benefits, or to make a financial profit. Both individuals and healthcare providers commit health care fraud, in a number of different ways. The laws regarding health care fraud vary by jurisdiction, though both state and federal laws are […]
Read moreBank fraud is a criminal act that occurs when a person uses illegal means to receive money or assets from a bank or other financial institution. Bank fraud is distinguished from bank robbery by the fact that the perpetrator keeps the crime secret, in the hope that no one notices until he has gotten away. The term bank fraud also […]
Read moreCredit card fraud is a form of identity theft in which an individual uses someone else’s credit card information to charge purchases, or to withdraw funds from the account. Credit card fraud also includes the fraudulent use of a debit card, and may be accomplished by the theft of the actual card, or by illegally obtaining the cardholder’s account and […]
Read moreCounterfeiting is a criminal offense that involves fraudulently manufacturing and distributing an item of lesser value than the genuine product, usually for the purpose of monetary gain. Counterfeiting is commonly seen in the form of counterfeiting money, including currency and coins, but also involves the fraudulent production of copies of valuable digital media, such as CDs and DVDs, as well […]
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