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Today's Terms
Money laundering
Definition:
Once money has been illegally gained, money laundering is the process of concealing those funds in order to avoid a transaction-reporting requirement under state/federal law.
Fraud alert
Definition:
Once you have become a victim of identity theft, a fraud alert is placed on your credit report to let all creditors know that someone might be trying to obtain new credit in your name.
Limit order
Definition:
Order to buy or sell a security at a customer-specified price.
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