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High Finance
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
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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.
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Any
situation in which the money of other people is used by a person or
concern in a speculative manner.
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The
practice of borrowing to the utmost limit on one's assets, i.e., trading
on a thin equity.
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