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Latent Defect Definition – Latent Defect Defined – Legal Terminology
Latent Defect :Latent Defect. N. A defect in an object that is not apparent on reasonable inspection or through the use of ordinary care. launder.. V. To move money through different businesses, accounts, and banks in order to conceal its origins; the federal crime of obscuring the source of money obtained through illegal means such as drug dealing, racketeering, and other crimes. N. laundering.