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 trading — In insolvency law, fraudulent trading refers to a company that has carried on business with intent to defraud creditors. [For example, in the United Kingdom, see section 213 of the Insolvency Act 1986] Where during the course of a winding up it… … Wikipedia
fraudulent trading — Carrying on business with intent to defraud creditors or for any other fraudulent purpose. This includes accepting money from customers when the company is unable to pay its debts and cannot meet its obligations under the contract. Such conduct… … Accounting dictionary
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 conveyance — A fraudulent conveyance, also fraudulent transfer is a civil cause of action. It arises in debtor/creditor relations, particularly with reference to insolvent debtors. The cause of action is typically brought by creditors or by bankruptcy… … Wikipedia
Fraudulent Mediums Act 1951 — The Fraudulent Mediums Act 1951 was a law in England and Wales which prohibited claiming to be a psychic, medium, or other spiritualist while attempting to deceive and to make money from the deception (other than solely for the purpose of… … Wikipedia
trading — noun ADJECTIVE ▪ busy, heavy, hectic, intensive ▪ In heavy trading, the index closed down 38 points. ▪ quiet ▪ day … Collocations dictionary
wrongful trading — Trading during a period in which a company had no reasonable prospect of avoiding insolvent liquidation. The liquidator of a company may petition the court for an order instructing a director of a company that has gone into insolvent liquidation… … Accounting dictionary
wrongful trading — Trading during a period in which a company had no reasonable prospect of avoiding insolvent liquidation The liquidator of a company may petition the court for an order instructing a director of a company that has gone into insolvent liquidation… … Big dictionary of business and management
fraudulent — adj. Fraudulent is used with these nouns: ↑claim, ↑conduct, ↑document, ↑election, ↑practice, ↑scheme, ↑trading, ↑transaction … Collocations dictionary
