Examlex
The insider trading cases of the 1980s led to monumental fines but no prison
sentences.
GAAP
The set of accounting principles, standards, and procedures that companies use to compile their financial statements. GAAP is used to ensure consistency and comparability across organizations.
Debt-For-Debt
A restructuring process where a company replaces or swaps one form of debt with another, like changing the terms or the type of loan.
Debt-For-Equity Swaps
A financial restructuring tool where a portion of debt is exchanged for a pre-determined amount of equity or stock.
Fair Value
An estimation of the market value of an asset or liability based on the assumptions market participants would use when pricing the asset or liability.
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