scienter
C2CEFR level
97/100Rarity: very rare
TechnicalRegister
Law noun
Guilty knowledge that one's conduct is wrongful or unlawful.
Fraud requires scienter, so his honest-mistake story, if believed, sinks the charge.
Business noun
Knowledge that one's conduct is wrongful, establishing intent in a fraud claim.
Proving scienter was the plaintiffs' central hurdle, as they had to show the executives knew the forecasts were false.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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