👉 In finance, "prefraud" refers to an act of fraud or misrepresentation that involves intentionally concealing important information or actions taken by a party. This can include any type of deception, such as lying about one's financial situation, using fictitious documents, or concealing assets from creditors. The term is often used in legal contexts to describe the fraudulent conduct of individuals who attempt to deceive others for personal gain or profit. It can also refer to situations where a person intentionally misrepresents their
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