PIGGYBACKING
\pˈɪɡɪbˌakɪŋ], \pˈɪɡɪbˌakɪŋ], \p_ˈɪ_ɡ_ɪ_b_ˌa_k_ɪ_ŋ]\
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A practice that is considered highly unethican and in some cases illegal, piggybacking is a strategy by which a broker will immediately carry out a trade in his/ her personal account, after doing the same for a client. It is illegal in case the broker believes the client is acting upon information provided by insiders.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.