securities

corruption

Corruption is a dishonest, fraudulent, or even criminal act of an individual or organization, using entrusted authority or power to make a personal gain or other unethical or illegal benefits. Corruption happens not only in political fields...

counsel and procure

Counsel and procure are types of accomplice activity. Counseling and procuring a crime can lead to punishment under federal and state laws up to the punishment for the crime itself, but this is only if the person knowingly helped the person...

covered option

A covered option occurs when a party offers an options contract while also owning the underlying asset.

A party who sells an option is selling the buyer the right, but not the obligation, to buy or sell an asset at a given...

credit card fraud

Credit card fraud is a form of identity theft that involves an unauthorized taking of another’s credit card information for the purpose of charging purchases to the account or removing funds from it. Federal law, by way of 15 U.S.C. §1643,...

credit default swap

A credit default swap (CDS) is a type of derivative contract in which two parties exchange the risk that some credit instrument will go into default. The buyer of a CDS agrees to make periodic payments to the seller. In exchange, the seller...

credit instrument

A credit instrument is a promissory note or other written evidence of a debt. Common examples include bonds, loans, checks, or invoices.

Credit instruments are used by governments, companies, and individuals alike.

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dealer

A dealer has two common definitions in the legal context:

A retailer who purchases goods or services for resale to consumers in a principal capacity. In securities law, a person who functions at least part time as an agent, broker, or...

debenture

Debentures refer essentially to unsecured bonds within the United States. Corporations and governments use debentures as long term funding options, usually for major expansions and projects in the case of corporations. Debentures have set...

debt

Debt is a financial liability or obligation owed by one person, the debtor, to another, the creditor.

Debt is mainly composed of two elements: principal and interest. While debt can take many forms, the main variables by...

debtor

A debtor is someone who owes a debt or obligation to someone else. Most commonly, this is the obligation to pay money. A classic example is within the situation where a bank extends a loan to an individual or business entity, creating the...

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