CORRUPTION
Dishonest behavior or wrongdoing by individuals in power including managers or government officials. It pertains to any act that are illegal, immoral, or incompatible with ethical standards. Some examples of corruption include double transactions, under-the-table deals, manipulating election results, giving or accepting bribes or inappropriate gifts, diverting funds, laundering money, and defrauding investors, among others. In finance, one example of corruption is an investment manager operating a ponzi scheme.
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Regional Fund
Regional fund basically refers to a mutual fund that invests in a certain geographic area overseas, such as Europe, Asia or Latin America.
Drilling Mud
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Financial Asset Securitization Investment Trust - FASIT
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Operating Cost
This the expenses involved in operating a business on a daily basis. It includes both variable and fixed costs.
Kellogg School of Management
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