Tag: crime

Halo Effect

What is the 'Halo Effect' The halo effect is a term used in marketing to explain the bias shown by customers toward...

Identity Theft

DefinitionIdentity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other...

Identity Fraud Reimbursement Program

What is 'Identity Fraud Reimbursement Program' A financial product that offers reimbursment for the costs associated with having been a victim of...
Omnibus account

Omnibus Account

What is an Omnibus Account An Omnibus account is a single account that is used to hold securities for multiple clients. The account is maintained...

Malfeasance

DefinitionMisfeasance, nonfeasance, and malfeasance are types of failure to discharge public obligations existing by common law, custom, or statute. Malfeasance What is 'Malfeasance'...

Major Fraud Act Of 1988

What is 'Major Fraud Act Of 1988' A piece of legislation passed during the Reagan administration that modified and strengthened previous fraud...

Quid Pro Quo

What is 'Quid Pro Quo' A Latin phrase meaning "something for something". This term is typically used in financial circles to describe...

Gary S. Becker

DefinitionGary Stanley Becker was an American economist and empiricist. He was a professor of economics and sociology at the University of Chicago. Described as...

David M. Cote

DefinitionDavid M. "Dave" Cote is an American businessman. Cote previously worked for General Electric and TRW Inc. before he was appointed chairman and chief...

Kidnap Insurance

What is 'Kidnap Insurance' A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other...

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