collusion

collusion definition - business

collusion

A secret agreement for a fraudulent or deceitful purpose. For example, several companies may reach a secret agreement, or collude, before bidding on a government contract.

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.

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