IVAN BOESKY
An American stock trader who is known for his role in 1986 Wall Street scandal. During his stint in Wall Street, the Securities and Exchange Commission (SEC) sued Boesky of illegal stock manipulation according to the insider information. He made a plea bargain and disclosed some of his tipsters including junk bond king Michael Milken. As a result, he was jailed at Lompoc Federal Prison Camp in California for two years and fined $100 million. Boesky was also banned from working in securities lifetime.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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