CRYPTOCURRENCY
Digital or virtual form of currency which employs cryptography for security. One distinct feature of a cryptocurrency is a certain amount of this currency is produced by the entire system, making it immune to government interference or manipulation. Given the anonymous nature of the currency, it is suitable for several nefarious activities including money laundering and tax evasion. The first cryptocurrency was Bitcoin which was launched in 2009. There are at least 15 types of cryptocurrency, with Bitcoin as the most popular.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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