Examlex
A computer virus is a type of malicious software which is a potentially damaging computer program.
Credit Unions
Member-owned financial cooperatives that provide the same services as banks but are typically nonprofit, aiming to serve their members rather than maximize profit.
Agency Problem
A conflict of interest inherent in any relationship where one party is expected to act in the best interest of another.
Moral Hazard
A condition in which a person can benefit, usually financially, by acting unethically or immorally, i.e., the person is tempted to be less than honest and ethical. An insurance term. A moral hazard exists when executive compensation is heavily based on the market price of the company’s stock.
Arbitrage
The practice of taking advantage of price differences in different markets to make a profit.
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