OUTSTANDING Definition

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OUTSTANDING is the amount owed as a debt, example: outstanding bills.

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OFF-BOOK PARTNERSHIP is a type of blind trust. It offers some advantages over the traditional methods of capital procurement. In some cases there is a fatal lack of transparency (e.g. Enron) that allows off-book partners to hide debts, pump profits, launder money and enrich insiders, but ultimately bankrupting the company and stripping assets from its employees' pension funds. See BLIND TRUST.

WITNESS is an individual who testifies at a trial on what he has seen, heard, or otherwise observed.

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