Salami Fraud

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Definition: Salami Fraud

Salami Fraud
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Full Definition of Salami Fraud

noun a fraud where a very small amount of money is removed from each transaction and put into a suspense account (the amounts – 1p or 1c per transaction – are so small that no one notices them, but over a period of time they build up to large sums of money) a fraud where a very small amount of money is removed from each transaction and put into a suspense account (the amounts – 1p or 1c per transaction – are so small that no one notices them, but over a period of time they build up to large sums of money)

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/salami-fraud/
Modern Language Association (MLA):
Salami Fraud. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/salami-fraud/.
Chicago Manual of Style (CMS):
Salami Fraud. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/salami-fraud/ (accessed: April 18, 2024).
American Psychological Association (APA):
Salami Fraud. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/salami-fraud/

Definition Sources

Definitions for Salami Fraud are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.