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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Unauthorized Transactions

Definition:

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.

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