Business, Legal & Accounting Glossary
n. 1) the crime of creating a false document, altering a document, or writing a false signature for the illegal benefit of the person making the forgery. This includes improperly filling in a blank document, like an automobile purchase contract, over a buyer’s signature, with the terms different from those agreed. It does not include such innocent representation as a staff member autographing photos of politicians or movie stars. While similar to forgery, counterfeiting refers to the creation of phoney money, stock certificates or bonds which are negotiable for cash. 2) a document or signature falsely created or altered.
Forgery is the use of a ‘false instrument’ to induce another to act to his disadvantage, as described by the (Forgery and counterfeiting act (1981)). A false instrument is one that misleads about itself, e.g., a forged cheque, rather than a document that contains false information.
The forgery of a bond
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This glossary post was last updated: 28th April, 2020 | 1 Views.