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fraudulent conveyance — n: a conveyance of property made for the purpose of rendering the property unavailable for satisfaction of a debt or otherwise hindering or defeating the rights of creditors; specif: a conveyance of property that is made in return for inadequate… … Law dictionary
fraudulent — fraud·u·lent adj: characterized by, based on, or done by fraud compare deceptive, false, misleading fraud·u·lent·ly adv Merriam Webster’s Dictionary of Law. M … Law dictionary
fraudulent conveyance — the transfer of valuable assets from a company which i) occurs when the company is technically insolvent, ii) renders the company insolvent, or iii) is made for less than adequate consideration. The spate of leveraged buyouts and other highly… … Glossary of Bankruptcy
fraudulent transfer — In a bankruptcy case, a transfer of property to another for less than the property s value for the purpose of hiding the property from the bankruptcy trustee for instance, when a debtor signs a car over to a relative to keep it out of the… … Law dictionary
fraudulent transfer — A transfer of a debtor s property made with intent to defraud or for which the debtor receives less than the transferred property s value (SA Bankruptcy.com) also:{{}}fraudulent conveyance A fraudulent transfer is a transfer of an asset for less… … Glossary of Bankruptcy
fraudulent — fraud‧u‧lent [ˈfrɔːdjlənt ǁ ˈfrɒːdʒə ] adjective LAW fraudulent activities, documents etc are intended to deceive: • Winchester Crown Court found him guilty of theft, perjury and fraudulent trading. • It is difficult to estimate the exact number … Financial and business terms
Fraudulent — Fraud u*lent, a. [L. fraudulentus, fr. fraus, fraudis, fraud: cf. F. fraudulent.] 1. Using fraud; tricky; deceitful; dishonest. [1913 Webster] 2. Characterized by, founded on, or proceeding from, fraud; as, a fraudulent bargain. [1913 Webster] He … The Collaborative International Dictionary of English
fraudulent trading — Under Section 213 of the Insolvency Act 1986, a director found guilty of trading with intent to defraud creditors of the company may be made personally liable for company debts. Easyform Glossary of Law Terms. UK law terms. fraudulent trading … Law dictionary
fraudulent concealment — n: the intentional failure to disclose a material fact and esp. the existence of a cause of action by one under a duty to make such a disclosure to another who acts or fails to act in reliance and suffers a loss Merriam Webster’s Dictionary of… … Law dictionary
fraudulent conversion — n: conversion committed with the intent of defrauding someone Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fraudulent conversion … Law dictionary
fraudulent conveyance — fraudulent conveyance/fraudulent transfer A transfer of an interest of the debtor made within one year prior to the filing of bankruptcy that is either made by the debtor with the intent to defraud its creditors or for which the debtor receives… … Financial and business terms
