churning Hear it!

churning Finance Definition

The illegal practice of making a large number of trades in a client’s account in order to increase the broker’s commission.

churning Law Definition

v

In securities law, the excessive and inappropriate trading of securities in a customer’s stock investment account for the purpose of earning the stockbroker more commissions than what would have been earned if the stockbroker was concerned only with the furtherance of his customer’s interests. This practice is illegal under the Securities Exchange Act of 1934; however, there is usually no right of action for churning.

churning Telecom Definition

A security mechanism employed in broadband passive optical network (BPON). Downstream transmissions are encrypted through the use of a byte-oriented churn key exchanged between the optical line terminal (OLT) at the network headend and the optical network unit (ONU).The ONU or optical network terminal (ONT) at the customer premises generates the key and sends it to the OLT, which uses it to encrypt downstream transmissions.The key is changed at least once a second, hence the term churning. See also BPON, byte, downstream, encryption, headend, OLT, ONT, ONU, and PON.

Browse dictionary entries near churning

  1. ‹ churn
  2. ‹ churlishness
  3. ‹ churlish
  4. ‹ churl
  5. ‹ churchyard
  6. ‹ churchy
  7. ‹ churchwoman
  8. ‹ churchwarden
  9. ‹ churchman
  10. ‹ churchly
  1. churr ›
  2. chute ›
  3. chute-the-chute ›
  4. chutney ›
  5. chutzpah ›
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  7. chylomicron ›
  8. chyme ›
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  10. chymotrypsin ›