A false representation by means of a statement or conduct, in order to gain a material advantage. A contract obtained by fraud is voidable on the grounds of fraudulent misrepresentation. If a person uses fraud to induce someone to part with money that he or she would not otherwise have parted with, this may amount to theft.

See also:

fraudulent conveyance, fraudulent preference, fraudulent trading.

• London Inter Bank Currency Options Market
• London Inter Bank Mean Rate
• London Inter Bank Offered Rate
• London International Financial Futures and Options Exchange
• London International Insurance and Reinsurance Market Association
• London Metal Exchange
• London rules
• London Securities and Derivatives Exchange
• London Stock Exchange
• London Sugar Futures Market
• London Traded Options Market
• London Underwriting Centre
• long-dated forward
• long-dated gilt
• long-funded
• long hedging
• long position
• longs
• long-term bond
• long-term contract
• long-term debt
• long-term equity anticipation securities
• long-term liability
• long-term prime rate
• long-term rate risk