concealment of assets

/kənˌsi:lmənt əv 'æsets/ noun
the act of hiding assets so that creditors do not know they exist

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • concealment of assets — registering of property in someone else s name to avoid taxes …   English contemporary dictionary

  • concealment — I noun camouflage, confinement, cover, deceitfulness, disappearance, disguise, disguisement, duplicity, evasion, furtiveness, hiding, incognito, inconspicuousness, invisibility, nonappearance, obfuscation, obscurity, obsuration, privacy,… …   Law dictionary

  • assets — I noun available means, belongings, bona, capital, chattels, effects, estate, funds, goods, holdings, inventories, money, pecuniary resources, personal effects, personal resources, possessions, principal, property, reserves, resources, riches,… …   Law dictionary

  • concealment — con‧ceal‧ment [kənˈsiːlmənt] noun [uncountable] 1. LAW the crime of not telling a court about something affecting a legal case, for example when a bankrupt person does not tell a court officer about any money or property they own: • It is a… …   Financial and business terms

  • concealment — To conceal. A withholding of something which one knows and which one, in duty, is bound to reveal (e.g. assets in bankruptcy or divorce proceeding; health condition in insurance application). A concealment in law of insurance implies an intention …   Black's law dictionary

  • concealment —    A form of fraud involving the failure to reveal information that in good faith should be communicated. Examples include failure to disclose defects in goods for sale, not listing large liabilities in a credit application and omitting assets… …   Business law dictionary

  • Bankruptcy — Notice of closure attached to the door of a computer store the day after its parent company declared bankruptcy (strictly, put into administration see text) in the United Kingdom. Bankruptcy is a legal status of an insolvent person or an… …   Wikipedia

  • IMPRISONMENT FOR DEBT — IMPRISONMENT FOR DEBT, the imprisonment of a debtor who fails to pay his debt on or before the date due. Prevalence in Other Legal Systems Influenced by Roman law (see execution civil law), imprisonment for debt was the most common means of… …   Encyclopedia of Judaism

  • Sang Hongyang — (Chinese: 桑弘羊) (c. 152 ndash;80 BC) was a prominent official of the Former Han Dynasty, who served Emperor Wu of Han and his successor Emperor Zhao. He is most famed for his economic policies during the reign of Emperor Wu, the best known of… …   Wikipedia

  • Securities fraud — Securities fraud, also known as stock fraud and investment fraud, is a practice in which investors make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. [… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.