4 Results for Tag: authorities

Ponzi Scheme

DefinitionBy definition, a Ponzi scheme is a fraudulent investment that involves the payment of purported returns to existing investors from funds contributed by new investors. It is an inve

Quasi-Public Corporation

Quasi-Public Corporation What is a 'Quasi-Public Corporation' A type of corporation in the private sector that is backed by a branch of government that has a public mandate to provide a gi

Tax Evasion

DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affai

CAMELS Rating System

CAMELS Rating System What is the 'CAMELS Rating System' The CAMELS rating system is a recognized international rating system that bank supervisory authorities use in order to rate financia