Examlex
If the market interest rate is greater than the face rate of interest on a bond, the bond will sell at a discount.
Computer System
An integrated set of hardware and software designed to process data and produce outputs.
Ponzi Scheme
A fraudulent investing scam promising high rates of return with little risk by paying earlier investors with the funds from more recent investors.
Bait And Switch
A deceptive marketing practice where customers are lured with the promise of a product or service at a certain price, only to find it unavailable and replaced with a more expensive option.
Account Kiting
The illegal practice of exploiting banking systems to create artificial funds by writing checks between several accounts.
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