fraud

(noun)

Any act of deception carried out for the purpose of unfair, undeserved, or unlawful gain.

Related Terms

  • misrepresentation

Examples of fraud in the following topics:

  • Avoiding Potential Fraud

    • Consumer education, web security tactics, and government legislation are measures used to protect consumers from potential fraud.
    • Internet fraud can occur in chat rooms, email, message boards, or on websites.
    • Another tactic users employ to avoid fraud is erasing hard drives when throwing away old computers.
    • Erasing the hard drive can reduce the possibility of identity theft and other forms of fraud.
    • Clearing private data such as individual browsing history can also reduce potential fraud.
  • Consumer Misbehavior

    • Consumer misbehavior is specifically related to retail and other markets, and includes things from cutting in line to fights between customers to credit card fraud.
    • Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction.
    • Estimates put the cost of credit card fraud to billions of dollars .
    • Many also use electronic tracking devices on products and closed-circuit television to fight shoplifting and fraud.
    • Credit card fraud is a form of consumer misbehavior that can cost billions of dollars a year.
  • Unfair Trade Practices

    • Fraud: This is an intentional deception made for the company's gain or to damage the other party .
Subjects
  • Accounting
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