What Is Money Laundering? Money laundering is the illegal process of making large amounts of money generated by criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it look clean. Money
What Is Money Management? Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management. The predominant use of the phrase in financial markets is that of an investment professional making investment decisions
What Is Misappropriation Theory? Misappropriation theory postulates that a person who uses insider information in trading securities has committed securities fraud against the information source. In the United States, a person who is guilty according to the misappropriation theory may be convicted of insider trading. Though not expressly forbidden by U.S. securities laws, insider trading is considered
What Is a Misrepresentation? A misrepresentation is a false statement of a material fact made by one party which affects the other party’s decision in agreeing to a contract. If the misrepresentation is discovered, the contract can be declared void. Depending on the situation, the adversely impacted party may seek damages. In this type of
What Is Misselling? Misselling is a sales practice in which a product or service is deliberately or recklessly misrepresented or a customer is misled about its suitability for the purpose of making a sale. Misselling may involve the deliberate omission of key information, the communication of misleading advice, or the sale of an unsuitable product
DEFINITION of Missent Item A missent item is, quite simply, a check written by a bank customer that is not sent to the right bank. This is typically due to a clerical error by an employee of the bank or depository institution. Missent items may also result from postal errors. Missent items result in a
What Is a Mission Statement? A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. The statement is generally short, either a single sentence or a short paragraph. Key Takeaways A mission statement is used by a company to explain, in simple and concise terms, its
What Was the Mist Browser? The Mist browser was intended to be an integral part of the Ethereum network’s dApps (decentralized applications) ecosystem. It was the first graphical user interface that enabled users to access the blockchain at a time when you could only access it via the command line. Its developers wanted to offer a one-stop-shop for
What Is a Mixed Economic System? A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social
What Is MJSD? The term MJSD refers to an acronym that stands for March, June, September, and December. These are the final months of each quarter of the fiscal year (FY). They mark the end of the period when companies can release earnings and dividends reports. These months also represent the period of reporting interest
