Short-swing profit

Definition - Noun
: a profit made by a corporate insider who purchases stock and sells it or sells stock and purchases it within a prescribed period
Section 16(b) of the Securities Exchange Act of 1934 provides that a corporation may recover short-swing profits realized by an insider within six months.

Based on Merriam-Webster's Dictionary of Law ©2001.
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Published under license with Merriam-Webster, Incorporated.
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intrinsic fraud

fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud

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