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Fictitious refunds scheme
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Fictitious refunds schemePreparing false documents of refunds to cover thefts of cash. A retail cashiering fraud.
RELATED TERMS--------------------------------------
False
Not true; as, false pretences; unjust, unlawful, as, false imprisonment. This his word, is frequently used in composition.
Documents
Evidence. The deeds, agreements, title papers, letters, receipts, and other written instruments used to prove a fact.
Cash
Commerce. Money on hand, which a merchant, trader or other person has to do business with.
Retail
To sell by retail, is to sell by small parcels, and not in the gross.
Fraud
Contracts, torts. Any trick or artifice employed by one person to induce another to fall into an error, or to detain him in it, so that he may make an agreement contrary to his interest. The fraud may consist either, first, in the misrepresentation, or, secondly, in the concealment of a material fact. Fraud, force and vexation, are odious in law.
SIMILAR TERMS--------------------------------------
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious payee
Contract. A supposed person; a payee, who has no existence.
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
PREVIOUS AND NEXT TERMS--------------------------------------
Fiat
Practice. An order of a judge, or of an officer, whose authority, to be signified by his signature, is necessary to authenticate the particular acts.
Fiat justitia
Let justice be done.
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious payee
Contract. A supposed person; a payee, who has no existence.
Fictitious refunds scheme
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
Fidei-commissary
Civil law. One who has a beneficial interest in an estate, which, for a time, is committed to the faith or trust of another. This term has nearly, the same meaning as cestui que trust has in our law.
Fidei-commissum
Civil law. A gift which a man makes to another, through the agency of a third person, who is requested to perform the desire of the giver. For example, when a testator writes, "I institute for my heir, Lucius Titius," he may add, "I pray my heir, Lucius Titius, to deliver, as soon as he shall be able, my succession to Caius Seius: cum igitur aliquis scripserit Lucius Tilius heres esto; potest ajicere, rogo te Luci Titi, ut cum poteris hereditatem meam adire, eam Caio Sceio reddas, restituas.
Fide-jussio
Civil law. The contract of suretyship.
Fide-jussor
Civil law. One who becomes security for the debt of another, promising to pay it in case the principal does not do so.
RELATED TERMS--------------------------------------
False
Not true; as, false pretences; unjust, unlawful, as, false imprisonment. This his word, is frequently used in composition.
Documents
Evidence. The deeds, agreements, title papers, letters, receipts, and other written instruments used to prove a fact.
Cash
Commerce. Money on hand, which a merchant, trader or other person has to do business with.
Retail
To sell by retail, is to sell by small parcels, and not in the gross.
Fraud
Contracts, torts. Any trick or artifice employed by one person to induce another to fall into an error, or to detain him in it, so that he may make an agreement contrary to his interest. The fraud may consist either, first, in the misrepresentation, or, secondly, in the concealment of a material fact. Fraud, force and vexation, are odious in law.
SIMILAR TERMS--------------------------------------
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious payee
Contract. A supposed person; a payee, who has no existence.
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
PREVIOUS AND NEXT TERMS--------------------------------------
Fiat
Practice. An order of a judge, or of an officer, whose authority, to be signified by his signature, is necessary to authenticate the particular acts.
Fiat justitia
Let justice be done.
Fictitious
1) Not real; feigned: as, a fictitious - action, case, issue, name, party, payee. 2) Imaginary; unsubstancial: as, fictitious bail. 3) Not made in good faith: as, a fictitious bid.
Fictitious actions
Practice. Suits brought. on pretended rights.
Fictitious payee
Contract. A supposed person; a payee, who has no existence.
Fictitious refunds scheme
Fictitious sales
A scheme to record sales to fictitious customers or fictitious sales to existing customers at the end of one period and reversing the transactions at the beginning of the next period. The purpose of the scheme is to inflate sales to create false profit statements or earn unwarranted bonuses. Excessive credit memos or sales cancellations at the beginning of an accounting period can be an indicator of this fraud.
Fidei-commissary
Civil law. One who has a beneficial interest in an estate, which, for a time, is committed to the faith or trust of another. This term has nearly, the same meaning as cestui que trust has in our law.
Fidei-commissum
Civil law. A gift which a man makes to another, through the agency of a third person, who is requested to perform the desire of the giver. For example, when a testator writes, "I institute for my heir, Lucius Titius," he may add, "I pray my heir, Lucius Titius, to deliver, as soon as he shall be able, my succession to Caius Seius: cum igitur aliquis scripserit Lucius Tilius heres esto; potest ajicere, rogo te Luci Titi, ut cum poteris hereditatem meam adire, eam Caio Sceio reddas, restituas.
Fide-jussio
Civil law. The contract of suretyship.
Fide-jussor
Civil law. One who becomes security for the debt of another, promising to pay it in case the principal does not do so.
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This dictionary contains 8526 terms.
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