A certain party that acquires an instrument or asset even though they have the knowledge that the instrument has not been properly negotiated. It can also define a generally lack of trust or honesty, or refer to someone that misrepresents an investment or a situation.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser