P

Also known as a pyramid scheme and named after Charles Ponzi, a successful swindler of the early 20th century. It is investment fraud. Investors are lured by promises of outrageous returns but the payment of purported returns to the existing investors are actually paid from funds contributed by new investors, rather than actual profits. … [Read more...] about PONZI SCHEME

Producing for examination or taxation, as porrecting a bill of costs, by a proctor. … [Read more...] about PORRECTING

A term sometimes used to denote a government of many or several; a government where the sovereignty is shared by several persons; a collegiate or divided executive. … [Read more...] about POLYGARGHY

1. A combination of persons or corporations engaged in the same business, or for the purpose of engaging in a particular business or commercial or speculative venture, where all contribute to a common fund, or place their holdings of a given stock or other security in the hands and control of a managing member or committee, with the object of eliminating competition as between … [Read more...] about POOL

A place for the lading and unlading of the cargoes of vessels, and the collection of duties or customs upon imports and exports. A place, either on the sea-coast or on a river, where ships stop for the purpose of loading and unloading, from whence they depart, and where they finish their voyages. The Wharf Case, 3 Bland … [Read more...] about PORT