INDUSTRIAL ESPIONAGE Definition

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INDUSTRIAL ESPIONAGE or corporate espionage is espionage conducted for commercial purposes instead of national security purposes, e.g. spying on one's competitors to gain a competitive advantage.

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CUSTODIAN BANK is the bank that acts a custodian to a mutual fund. Does not manage anything, just holds the cash and securities and does the clerical.

CHURN RATE is the percentage of customers (e.g., cellular telephone subscribers) that cancels their service per month.

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