This word has several meanings. It signifies a person whose estate is not sufficient to pay his debts. Civ. Code of Louisiana, art. 1980. A person is also said to be insolvent, who is under a present inability to answer, in the ordinary course of business, the responsibility which his creditors may enforce, by recourse to legal measures, without reference to his estate proving … [Read more...]

A person with a special position that allows that person to obtain private and confidential information that is not known generally. See also insider trading. … [Read more...]

To observe closely, to examine for defects or clues, to scrutinize for the purpose of determining quality. … [Read more...]

When a person on the inside of a corporation who has special knowledge of its workings that is not known to the public uses this private information to acquire profits or avoid losses in making market trades. The most common examples include trading by corporate officers, directors or employees based upon their confidential and privileged knowledge that is not public, e.g. … [Read more...]

Lat. Highwaymen ; persons who lie in wait in order to commit some felony or other misdemeanor. … [Read more...]