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19 Results for Tag: edit

Kiting

Kiting What is 'Kiting' Kiting is the act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing financial leverage. 2. A fr

Iceberg Order

Iceberg Order What is an 'Iceberg Order' An iceberg order is a large single order that has been divided into smaller lots, usually through the use of an automated program, for the purpose

Raintaker

Raintaker What is 'Raintaker' A former employee of a brokerage firm who takes high-value clientelle from his or her previous employer to his or her new brokerage. The term raintaker is tak

Saturday Night Special

Saturday Night Special What is 'Saturday Night Special' An obsolete takeover strategy where one company attempted a takeover of another company by making a sudden public tender offer, usua

Same-Day Substitution

Same-Day Substitution What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change in the value of the account. Wh

Salad Oil Scandal

DefinitionThe Salad Oil Scandal, also referred to as the "Soybean Scandal", was a major corporate scandal in 1963 that ultimately caused over $150 million – approximately $1.1 billion in 2

Fair Funds for Investors

Fair Funds for Investors What is 'Fair Funds for Investors' Provision introduced in 2002, under Section 308(a) of the Sarbanes-Oxley Act. Fair Funds for Investors was put into place to ben

Wash Trading

Wash Trading What does 'Wash Trading' mean Wash trading refers to buying shares through one broker and selling the shares through another broker. Wash trading is not legal, as it is perfor

Wallpaper

Wallpaper What is 'Wallpaper' The name given to stocks, bonds and other securities that have become worthless. Explaining 'Wallpaper' The securities may have lost all monetary value bec

General Motors (GM) Indicator

General Motors (GM) Indicator What is 'General Motors (GM) Indicator' An indicator based on the theory that the performance of U.S. automaker General Motors (GM) is a pre-cursor to the per
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