bezzle

noun

1. The level or proportion of financial sector activity that consists of hidden embezzlement, varying in step with the business cycle.

2. The time between when a confidence trickster has stolen money from an unsuspecting person and when that person realizes the money has been stolen.

   That word is bezzle. It describes the period in which an embezzler has stolen a man's money but the victim does not yet realize he's been swindled.

3. The difference between the short-term or current market value of an asset and its true long-term worth.

Where it comes from

Coined by John Kenneth Galbraith, from embezzle.

Adapted from the Wiktionary entry bezzle (CC BY-SA 4.0).

← bespredelbiblioklept →

Another random word More words starting with B