FRAUD Definition

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FRAUD is intentional deception resulting in injury to another person or entity

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IMPREST see PETTY CASH.

CONTRACT ALLOWANCE is the limit set within an agreement as to what is the maximum allowed of any given item covered under contract, e.g., home construction with a builder may have allowances or "limits" set in your contract that tell you how much the price of your house "allows" for things such as floor coverings, countertops, and cabinets.

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