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Balance Sheet
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Enron
Term category: Companies
In 10 words or less:  A company that imploded in 2001 due to a wave of accounting scandals.

Definition: Enron was a company that went filed for bankruptcy in 2001 following an accounting scandal.  At one time, Enron  was the 7th largest company in the United States.

StockJargon Advice: Essentially what happened was Enron created a bunch of off-balance sheet partnerships to hide its debt and improve its financial picture in order to gain more favorable credit terms and pump up its stock price.  Eventually, this scandal became known and the company came crumbling down.

Related Articles

Top Ten Things to Do With Your Enron Stock Certificate
A funny article about what you can do with your worthless stock certificate now...

CNN's In-depth Special on Enron
You can find lots of great information here about the scandal and the ongoing legal battle…

TIME: Behind the Enron Scandal
TIME has put together this great piece on the Enron scandal...

Related Books

When Genius Failed by Roger Lowenstein <--Incredible book!
All About Hedge Funds by Robert Jaeger
Trade Like a Hedge Fund by James Altucher
Running Money By Andy Kessler

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