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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Sarbanes Oxley

Definition:

The Sarbanes-Oxley Act (SOX) of 2002 was created after the accounting scandals at Enron and WorldCom showed just how much numbers could be fudged.

Under Sarbanes-Oxley, there are stricter penalties for fraud and more rules about transparency and the reporting of accounts.