Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
This sounds exactly like what it is: a transaction that isn't authorized. This is when Joe Broker executes a trade in your account without first obtaining you, the client's permission. He might even go so far as to set up a bogus mailing address so that you never see the trade confirmation and therefore remain blissfully ignorant of his nefarious shenanigans.