BARRATRY
An unlawful act wherein an attorney encourages the filing of a lawsuit or otherwise instigate a dispute, in order to earn a profit from legal fees. The Barratry usually includes a filling of a groundless claim to acquire payment from clients. This is an illegal practice in all the states of U.S. and is subject to discipline and criminal punishment by the state bar. An attorney who have been found guilty of barratry will usually face disbarment.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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| Time | Country | Indices | Period |
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