illegal parking

 Stock market practice of having another firm purchase securities in its name but guaranteed by the real investor.
 ► “Michael Milken and Ivan Boesky made the practice of illegal parking famous in the 1980s. Illegal parking allowed Boesky to circumvent SEC* net capital requirements.” (Jim Reilly, Robinson-Humphrey Co., 1996)

American business jargon. 2014.

Look at other dictionaries:

  • illegal parking — Fin a stock market practice that involves a broker or company purchasing securities in another company’s name though they are guaranteed by the real investor (slang) …   The ultimate business dictionary

  • Parking violation — Parking tickets on a vehicle in Durham, North Carolina A parking violation is the act of parking a motor vehicle in a restricted place or for parking in an unauthorized manner. It is against the law virtually everywhere to park a vehicle in the… …   Wikipedia

  • parking —  Financial strategy of placing assets in a safe investment while looking for other opportunities. See also ILLEGAL PARKING …   American business jargon

  • illegal — adj. VERBS ▪ be ▪ become ▪ remain ▪ declare sth, deem sth, make sth, rule sth ▪ …   Collocations dictionary

  • parking — noun ADJECTIVE ▪ convenient, easy ▪ ample ▪ The hotel has ample parking. ▪ free ▪ off road (BrE) …   Collocations dictionary

  • Parking Violation — The illegal practice of an acquiring company concealing ownership of the target company by holding stock under a related third party before attempting corporate takeover. Unlike the parking violations that many of us as drivers commit… …   Investment dictionary

  • parking violation — Often used in risk arbitrage. Illegal holding of stock by a third party, or the financing of such a stock, in which the third party s sole reason for holding the stock is to conceal ownership or control of a raider, thus sidestepping the Williams …   Financial and business terms

  • parking — 1) Putting company shares that one owns in the name of someone else or of nominees in order to hide their real ownership. This is often illegal. See also warehousing 2) Holding assets in a short term riskless form pending an investment decision …   Big dictionary of business and management

  • parking — Fin 1. the transfer of shares in a company to a nominee or the name of an associate, often for non legitimate or illegal reasons (slang) 2. putting money into safe investments while deciding where to invest the money …   The ultimate business dictionary

  • Decriminalised parking enforcement — Vehicle clamping Vehicle removal …   Wikipedia

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