False accounting

Definition

Illegally altering accounting records by making misleading entries or omitting material information for personal gain or to mask poor firm performance.

Investing Essentials

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


Term of the Day

Overwriting
A speculative option strategy that involves selling call or put options on stocks that are believed to be overpriced or underpriced; the options are expected not to be exercised.

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

Create your free portfolio