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 ?
Centre Jonathan Davies has taken up a contract option to remain at the Scarlets, lock Ball has signed his second dual contract at the Llanelli-based region and scrum-half Gareth Davies has agreed one for the first time.
He has been linked with the Scarlets and Cardiff Blues on a national dual contract, but it appears that the Lions tourist will be taking up a purely regional contract with the Men of Gwent.
It is likely that he will be offered a national dual contract by the Welsh Rugby Union, so if Moriarty did decide to stay in England he would be captured by the governing body's senior player selection policy - otherwise known as Gatland's Law - and that could hurt his international ambitions.
M2 EQUITYBITES-March 14, 2017-NV5 wins USD11m dual contract for energy services in Southern California
The Wales skipper, who should be over a neck injury in time to face Argentina on November 12, agreed a new National Dual Contract.
One star man who won't be signing a dual contract just yet is Halfpenny, who has opted to stay with three-times European champions Toulon rather than return to one of the Welsh regions.
ALUN-WYN Jones has pledged his rugby future to the Ospreys and Wales by re-signing his national dual contract.
Wales centre Jonathan Davies is returning home to |play for Scarlets on a national dual contract.
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.
By ANDREW BALDOCK GEORGE North will leave Northampton at the end of the season and return to Wales on a national dual contract.
The 27-year-old scorer of a mountainous 2,052 points for the Ospreys is under a national dual contract that runs until next May.