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Fraud Financial Glossary

What is it? Dishonest and illegal practice.

Finance Term Definition Added By: Katherine

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Other Similar Finance Terms:

Financial Term Gilt is A bond or security issued by the government with a fixed or variable rate of interest.

Financial Term disclaimer opinion is An opinion letter accompanying audited financial statements in which the CPA states that he or she cannot express an opinion because of limitations in either the scope of the audit and/or because of uncertainties about the future which either have an effect that cannot be estimated or which cannot be resolved.

Financial Term Cooperative research project (for SMEs) is Projects enabling at least three mutually independent SMEs from at least two Member States or one Member State and an Associated State to jointly Commission research carried out by a third party. Also known as CRAFT.

Financial Term Home Equity Line of Credit is A line of credit providing you with the ability to borrow funds at the time and in the amount you choose, up to a maximum credit limit for which you have qualified. Repayment is secured by the equity in your home. Simple interest (interest-only payments on the outstanding balance) is usually tax-deductible. Often used for home improvements, major purchases or expenses, and debt consolidation.

Financial Term Payment cap is Same as cap. See also cap.