The Business 2.0 B2 glossary U8 part1

the legal offence of planning a serious crime

conspiracy

dishonest or illegal behaviour by officials or people in positions of powe, especially when they accept money in exchange for doing things for someone

corruption

to consider that someone or something has a particular quality

deem

the theft of money that people trust you to look after as part of your work

embezzlement

the crime of obtaining money from someone by tricking them

fraud

the crime of buying or selling shares in a company using information that is available only to people working within that company

insider trading

impossible to change or stop

irrevocable

if an official document decision or right lapses it is no longer effective

lapse

use of the legal system to settle a disagreement

litigation

to hide the origin of money obtained from illegal activities by putting it into lega businesses

money-laundering

the practice of using your powe and influence to give jobs to people in your family instead of to people who deserve to have them

nepotism

offshore bank or company is not in your own country but in a countr where the law is different

offshore

an aspect of something that has to be accepted

part and parcel

to decide not to do something that you promised to do

range on

a company written promise to repair or replace a product if it does not work, usually for a specific period of time

warranty

to say or show that you do not want to be involved with someone or something and that you are not responsible for them

wash your hands of