Fraud
Intentional deception for financial gain, including falsifying information on a financial statement.
The personal version runs the same way: rounding income upward on an apartment application or a car loan is a shaded financial report, and lenders call it fraud too.
Often Confused With
- Misuse of Funds
- Fraud deceives a reader about the numbers; misuse of funds spends money in a way that was never authorized.
Taught In
See Also
3.9.A.1 · 3.9.B.1