concealment

concealment definition - business

concealment

Intentional withholding of a fact or circumstance. For example, it is illegal to conceal assets from an officer of the court during a bankruptcy proceeding.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.