Empty head and pure heart test

Definition:

Securities and Exchange Commission rule that allows only the bidder of a tender offer to trade in the stock while possessing inside information.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Bank for International Settlements (BIS)

An international bank headquartered in Basel, Switzerland, which serves as a forum for monetary cooperation among several European central banks, the Bank of Japan, and the US Federal Reserve System.... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio