Meaning of “concealment” in the English Dictionary

Business

"concealment" in Business English

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concealmentnoun [ U ]

uk /kənˈsiːlmənt/ us

LAW, INSURANCE the fact or crime of not providing information that a court, customer, insurance company, etc. has a legal right to know:

Concealment of assets is arguably the most significant crime associated with bankruptcy.

(Definition of “concealment” from the Cambridge Business English Dictionary © Cambridge University Press)