lapping

lapping. An embezzlement technique by which an employee takes funds from one customer’s accounts receivable and covers it by using a second customer’s payment to pay the first account, then a third customer’s payment to pay the second account, and so on. [Cases: Embezzlement 12. C.J.S. Embezzlement § 26.]
专业法律词汇 词条贡献者
资深译员Gilbert,毕业于美国一流的法学院,专注翻译各种与专利申请和专利组合咨询有关的法律文件。
Scroll to Top