Definition, Meaning & Synonyms

potential-fraud

noun

pəˈtɛnʃəl frɔd

Definition

Potential-fraud refers to the likelihood or possible occurrence of fraudulent activities.

Examples

The investigation revealed some signs of potential-fraud in the transaction history.
To prevent potential-fraud, the company implemented stricter security measures.
Auditors are always on the lookout for potential-fraud during their reviews.

Meaning

The term indicates that there are circumstances or evidence that may lead to fraudulent behavior but does not confirm that fraud has actually taken place.