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Simple English definitions for legal terms
graft
Read a random definition: Investor Protection Guide: Viaticals
A quick definition of graft:
Term: GRAFT
Definition: Graft is when someone in a position of trust, like a government official, takes money or property in a dishonest way. It's like stealing, but from the public. Graft is also used to describe money or property that was gained illegally or unfairly.
A more thorough explanation:
Definition:
- The act of using a position of power or trust to dishonestly gain money or property, especially when a public official fraudulently acquires public funds.
- Money or property that is gained illegally or unfairly.
Examples:
- A politician who takes bribes in exchange for awarding government contracts is guilty of graft.
- A company that uses illegal means to gain a competitive advantage over its rivals is engaging in graft.
These examples illustrate how graft involves using one's position or power to gain an unfair advantage or profit. In the case of the politician, they are abusing their authority to enrich themselves at the expense of the public. In the case of the company, they are breaking the law to gain an advantage over their competitors, which is unfair to those who play by the rules.