Fraud

Definition - Noun
[Latin fraud- fraus]
1 a  : any act, expression, omission, or concealment calculated to deceive another to his or her disadvantage
specif
: a misrepresentation or concealment with reference to some fact material to a transaction that is made with knowledge of its falsity or in reckless disregard of its truth or falsity and with the intent to deceive another and that is reasonably relied on by the other who is injured thereby
b  : the affirmative defense of having acted in response to a fraud
2  : the crime or tort of committing fraud <convicted of securities ~>
see also misrepresentation
A tort action based on fraud is also referred to as an action of deceit.



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Based on Merriam-Webster's Dictionary of Law ©2001.
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