Foreign Corrupt Practices Act

Definition:

An amendment to the Securities Exchange Act created to prohibit bribery of foreign officials by publicly held US companies.

Investing Essentials


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

Term of the Day

Tax evasion

Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.

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