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Launder
LaunderTo process illegally-obtained money through more than one bank, in order to conceal its origin. RELATED TERMS-------------------------------------- Money A means of payment, especially coins and banknotes, although some definitions also include bank deposits, checks, etc. Bank A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals. Order Instruction to a broker-dealer to buy, sell, deliver, or receive securities or commodities that commits the issuer of the "order" to the terms specified. SIMILAR TERMS-------------------------------------- Launded money Deposit of funds that is sent through numerous accounts, one after another, in an attempt to conceal the original source of the money. Laundered money Deposit of funds that is sent through numerous accounts, one after another, in an attempt to conceal the original source of the money. Laundering The manipulation of money obtained in a wrongful manner, for example theft, so as to seem to have originated from a lawful source. PREVIOUS AND NEXT TERMS-------------------------------------- Late reported trade A term used by the London Stock Exchange to denote that a trade was not reported in accordance with the Exchange's rules on trade reporting. Late tape A delay in the display of price changes on the tape of an exchange because of heavy trading. Late trading Late trading of mutual fund shares occurs when investors placing trades after 4 PM receive the 4 PM price. Latent default A potential default that may have always been present but unidentified. Launded money Deposit of funds that is sent through numerous accounts, one after another, in an attempt to conceal the original source of the money. Launder Laundered money Deposit of funds that is sent through numerous accounts, one after another, in an attempt to conceal the original source of the money. Laundering The manipulation of money obtained in a wrongful manner, for example theft, so as to seem to have originated from a lawful source. Law The body of rules which is designed to ensure that the inhabitants of a Jurisdiction will live in harmony. Law of diminishing marginal utility Additional units added to a consumer's stock of a commodity give progressively less satisfaction. Law of diminishing returns A decreasing amount of extra output is gained when extra units of a varying input are added to a fixed input. We thank you for using the Financial Dictionary to search for Launder. If you have a better definition for Launder than the one presented here, please let us know by making use of the suggest a term option. This definition of Launder may be disputed by other professionals. Our attempt is to provide easy definitions on Launder and any other medical topic for the public at large.
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