Information > Financial Terms > This page

High Finance
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

  1. The unwarranted or speculative use of funds belonging to others.  Thus the officers of a company who use the company's money for financing an unsound venture, or for buying speculative securities for the purpose of making speculative profits, are guilty of high finance.

  2. Any situation in which the money of other people is used by a person or concern in a speculative manner.

  3. The practice of borrowing to the utmost limit on one's assets, i.e., trading on a thin equity.

Back to Information