Insider

Business, Legal & Accounting Glossary

Definition: Insider



Full Definition of Insider


An Insider is an individual who is purview to corporate information that has not been made public. Any material information not disclosed to the public is known as insider information. By this virtue, any member of company personnel with access to material non-public information may be deemed an insider. Thus, an example of an insider would be a senior corporate officer, manager, accountant, broker, attorney, or even a family member. The term insider also extends to those who may own ten or more per cent of voting shares of the company. An insider is restricted from using insider information to make trades. When an insider engages in trading on insider information, he or she is said to be committing insider trading. Insider trading is considered illicit and may be punishable by law.


Cite Term


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Page URL
https://payrollheaven.com/define/insider/
Modern Language Association (MLA):
Insider. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 05, 2020 https://payrollheaven.com/define/insider/.
Chicago Manual of Style (CMS):
Insider. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/insider/ (accessed: July 05, 2020).
American Psychological Association (APA):
Insider. PayrollHeaven.com. Retrieved July 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/insider/

Definition Sources


Definitions for Insider are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020 | 1 Views.