A(n) ____________________ Application Is Software That Is Designed to Reside

question 28

Short Answer

A(n) ____________________ application is software that is designed to reside on a computer's hard disk.

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Definitions:

Tipper

A person who provides privileged, often non-public, information to someone else, commonly used in the context of insider trading.

Securities Act of 1933

A U.S. federal law that regulates the sale of securities (stocks, bonds, etc.), requiring transparency through the registration of securities, to protect investors from fraud.

Due Diligence Defense

A legal strategy where the defendant shows that all reasonable steps were taken to avoid committing an offense or mistake.

Registration Statement

A set of documents filed with a regulatory body, detailing the specifics of a company's proposed public offering of securities.