Business, Legal & Accounting Glossary
n. a generic term for crimes involving commercial fraud, cheating consumers, swindles, insider trading on the stock market, embezzlement and other forms of dishonest business schemes. The term comes from the out-of-date assumption that business executives wear white shirts with ties. It also theoretically distinguishes these crimes and criminals from physical crimes, supposedly likely to be committed by “blue-collar” workers.
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This glossary post was last updated: 26th November, 2021 | 0 Views.