Die Heuning Pot Literature Guide
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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Money Laundering

Definition:

The process of using legitimate activities to hide the proceeds of illegal activities. Investing in securities is one way how the bad guys "cleanse" their ill-gotten gains. Money laundering is highly illegal and, if found guilty, you will spend some time in the Crossbar Hotel. Don't do it.

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