dual contract

dual contract

The illegal and unethical practice of providing two different sets of contracts for the same transaction—usually one at an inflated price so that 80 or 90 percent financing will, in actuality,pay 100 percent of the true purchase price.This practice constitutes fraud.

References in periodicals archive ?
However, the Dragons have insisted they believed the WRU R were in the process of tying up Faletau on a national dual contract.
However, the Dragons have insisted they believed the WRU were in the process of tying up Faletau on a national dual contract.
WALES World Cup star Dan Biggar will remain with the Ospreys next season after signing a national dual contract.
Wales centre Jonathan Davies is returning home to |play for Scarlets on a national dual contract.
The Lions centre is out of contract in June and the rumour mill continues to link him with a return to the Scarlets on a dual contract.
Should Boudjellal decide to ditch Halfpenny, it would raise the possibility of him returning to Wales on a dual contract partly-funded by the Welsh Rugby Union, although he is also likely to attract a worldwide scramble for his services.
With the announcement of this contract, we seek to ensure a stable, secure, and uninterrupted supply of fuel, under the dual contract arrangement we announced on September 27, 2011.
The giant Test winger will be offered a dual contract to play Rugby Union with sister club Leeds Tykes in winter before joining the Rhinos in Super League for the 2002 season.
The joint project team with the China National Tobacco Corporation - formed in September 2002 - has made good progress in preparing for dual contract manufacture and distribution agreements in China and Russia, and Gallaher remains confident that these agreements will be in place by September 2003.
He had been on the point of signing a WRU dual contract to stay at Parc-y-Scarlets when the Ospreys came in with a bigger bid, believed to be PS80,000 more.
As recently as Tuesday night, Davies was under the impression negotiations were continuing between the union and Faletau over the signing of a national dual contract that would keep him at Rodney Parade.
WALES centre Jonathan Davies is returning home to play for Scarlets on a national dual contract (NDC).