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Word: interfund (lookup in dictionary) (lookup stats)
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Usage:

...offenses in their business of selling their shares on the installment plan. Charges in Fidelity's case are more grave: That Fidelity obtained money and property by means of untrue statements, had failed to maintain required reserves against its $276,000,000 in outstanding certificates, had resorted to interfund transfers to write up the book value of securities by "well over $1,000,000," had used investors' funds for the benefit of trie officers and directors of the company...

Author: /time Magazine | Title: MONEY & BANKING: Fraud and Deceit | 12/26/1938 | See Source »

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