What Is Insider Lending? Insider lending occurs when a bank makes a loan to one or more of its own officers or directors. Many countries, including the U.S., require that the provisions of these loans match those given to comparable bank customers. This is done to ensure fairness and limit access to bank funds by
What is the Insider Trading Act of 1988? The Insider Trading Act of 1988 amended the Securities Exchange Act of 1934 by expanding the Securities and Exchange Commission’s (SEC) scope to enforce insider trading laws. Key Takeaways The Insider Trading Act of 1988 amended the Securities Exchange Act of 1934 by expanding the Securities and
What Are Inside Sales? Inside sales refers to the sale of products or services by personnel who reach customers through phone, email, or the internet. Other ways to define inside sales are “remote sales” or “virtual sales.” It is called “inside” because these sales reps remain indoors, often at a call center or company office. Inside
What Is Insolvency? Insolvency is a term for when an individual or company can no longer meet their financial obligations to lenders as debts become due. Before an insolvent company or person gets involved in insolvency proceedings, they will likely be involved in informal arrangements with creditors, such as setting up alternative payment arrangements. Insolvency can arise
What Is an Installment Sale? An installment sale is one of several possible approaches to revenue recognition under the rules of Generally Accepted Accounting Principles (GAAP). More specifically, this method accounts for when revenue and expense are recognized at the time of cash collection rather than at the time of sale. Based on GAAP, this
What Is Instant History Bias? Instant history bias, also known as “backfill bias,” is a phenomenon whereby inconsistent reporting practices can unduly inflate the apparent performance of a hedge fund. This inaccuracy stems from the fact that hedge fund managers can elect whether and when to report their results to the public. Because of this
What Is Instinet? Instinet is a global financial securities service that operates an electronic securities order matching, trading, and information system which allows members, primarily institutional traders, and investors, to display bids and offer quotes for stocks, and conduct transactions with each other. Instinet is an example of a dark pool of liquidity, a private
What Is the Institute of Chartered Accountants in England and Wales (ICAEW)? The Institute of Chartered Accountants in England and Wales (ICAEW) is a professional membership organization of accountants and finance professionals. With its headquarters in London, the ICAEW was created in 1880 and today boasts over 180,000 members. Key Takeaways The Institute of Chartered
What Is the Institute of Internal Auditors (IIA)? The Institute of Internal Auditors (IIA) is a certification, education, and research leader for professionals engaged in evaluating an organization’s operations and controls. Established in 1941, the Institute of Internal Auditors awards the certified internal auditor (CIA) designation, a globally accepted certification for internal auditors. The IIA
What Is the Institute Of Management Accountants? The Institute of Management Accountants (IMA) is one of the top associations for financial professionals. It offers the prestigious Certified Management Accountant (CMA) designation. The IMA’s mission is to promote education and development in management accounting and finance, advocate for the highest ethics and best business practices, and
