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An offshore bank is a bank that is operated and regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that p

The term "offshore company" or "offshore corporation" is used in at least two distinct and different ways. An offshore company may be a reference to:

An offshore financial centre (OFC) is defined as a "country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy."

An offshore trust is a conventional trust that is formed under the laws of an offshore jurisdiction.

OFX Group Limited is an Australian financial technology company that provides international payments, foreign exchange and spend management services. It is headquartered in Sydney and listed on the Australian Securities Exchange.

OKX, formerly known as OKEx, is a cryptocurrency exchange based in San Jose, California.

Oleg Itskhoki (born in Moscow on January 7, 1983) is a Russian-American economist specialized on macroeconomics and international economics and (as of 2024) a professor of economics at the Harvard University. He won the John Bates Clark Medal for his "fundamental contributions to both international finance and international trade" in 2022.

Olympics Go! Paris 2024 (stylized as Olympics GO! Paris 2024) is a 2024 city-building and sports video game published by nWay and officially licensed with the International Olympic Committee (IOC) to coincide with the 2024 Summer Olympics.

OneCoin is a fraudulent cryptocurrency scheme conducted by offshore companies OneCoin Ltd (based in Bulgaria and registered in UAE) and OneLife Network Ltd (registered in Belize), both founded by Ruja Ignatova in concert with Sebastian Greenwood. OneCoin is considered a Ponzi scheme due to its organisational structure of paying early investors using money obtained from newer ones. It was

Online shopping is a form of electronic commerce which allows consumers to buy goods or services directly from a seller over the Internet using a web browser or a mobile app. Consumers generally find a product of interest by visiting a retailer's website specifically. They may also search among alternative vendors using a shopping search engine, which displays the same product's availab

An online wallet is a software or web service that allows users to store and control their online shopping information, such as logins, passwords, shipping address and credit card details. It also provides a method for consumers to purchase products from online retailers.

ONO was a Spanish broadband communication and entertainment company, delivering integrated telephone, television and Internet services to its residential customers. In this segment, it has 3.7 million services contracted and over six million users.

Opal is a contactless smartcard fare collection system for public transport services in New South Wales, Australia. Operation of the Opal system is managed by Transport for NSW. First launched in late 2012, Opal is valid on Transport for NSW's metro, train, bus, ferry and light rail services that operate in Sydney, Central Coast, Hunter Region, Blue Mountains, Illawarra and Southern High

In financial services, open banking allows for financial data to be shared between banks and third-party service providers through the use of application programming interfaces (APIs). Traditionally, banks have kept customer financial data within their own closed systems. Open banking allows customers to share their financial information securely and electronically with other banks or ot

In macroeconomics, an open market operation (OMO) is an activity by a central bank to exchange liquidity in its currency with a bank or a group of banks. The central bank can either transact government bonds and other financial assets in the open market or enter into a repurchase agreement or secured lending transaction with a commercial bank. The latter option, often preferred by centra

Open road tolling (ORT), also called all-electronic tolling, cashless tolling, or free-flow tolling, is the collection of tolls on toll roads without the use of tollbooths. An electronic toll collection system is usually used instead. The major advantage to ORT is that users are able to drive through the toll plaza at highway speeds without having to slow down to pay the toll. In some in

An operating partner is a title used by venture capital (VC) and private equity (PE) firms to describe a role dedicated to working with privately held companies to increase value. The role was created by large-capitalization private equity groups when the importance of driving corporate change to add value increased as sellers became more sophisticated and financial engineering less cent

Operation Greenback was a Miami, Florida-based, multi-agency U.S. government task force targeting money laundering connected to drug trafficking.

Option-adjusted spread (OAS) is the yield spread which has to be added to a benchmark yield curve to discount a security's payments to match its market price, using a dynamic pricing model that accounts for embedded options. OAS is hence model-dependent. This concept can be applied to a mortgage-backed security (MBS), or another bond with embedded options, or any other interest rate deri

In finance, options backdating is the practice of altering the date a stock option was granted, to a usually earlier date (i.e backdating), but sometimes later date (i.e. forward dating), at which the underlying stock price was lower. This is a way of repricing options to make them more valuable when the option "strike price" (the fixed price at which the owner of the option can purchase

Orange Money is the mobile phone based money transfer service of French telecom company Orange S.A., available in most of the group's affiliates in Africa. Its users can deposit money into an account linked to their mobile phone number, and then access a range of services, in particular transferring money domestically and internationally, paying bills and buying airtime top-up.

The organic composition of capital (OCC) is a concept developed by Karl Marx in his theory of capital, which was simultaneously his critique of political economy. It is derived from his more basic concepts of 'value composition of capital' and 'technical composition of capital'. Marx defines the organic composition of capital as "the value-composition of capital, in so far as it is deter

Original sin is a term in economics literature, proposed by Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza in a series of papers to refer to a situation in which "most countries are not able to borrow abroad in their domestic currency."

Ortigas Center (also known as the Ortigas Central Business District or Ortigas CBD) is a central business district located within the joint boundaries of Pasig, Mandaluyong, and Quezon City, within Metro Manila in the Philippines. With an area of more than 100 hectares (250 acres), it is Metro Manila's second most important business district after the Makati Central Business District. It

Osaifu-Keitai (おサイフケータイ, Osaifu-Kētai), which means "Wallet Mobile", is the standard mobile payment system in Japan. Osaifu-Keitai services include electronic money, identity card, loyalty card, fare collection of public transits (including railways, buses, and airplanes), or credit card. The term "Osaifu-Keitai" itself is a registered trademark of NTT Docomo.

Otto. (spelled with the period) is Finland's interbank network, connecting the ATMs of nearly every bank in the country. It is owned and operated by Automatia. They offer service in Finnish and Swedish, but also in English to holders of international ATM cards. The word "otto" means "withdrawal" in Finnish, and is also a relatively common German-derived given name. The withdrawal points

Our Brand Is Crisis is a 2005 American documentary film by Rachel Boynton on American political campaign marketing tactics by Greenberg Carville Shrum (GCS) in the 2002 Bolivian presidential election. The election saw Gonzalo Sánchez de Lozada elected President of Bolivia, ahead of Evo Morales.

Outgroup favoritism is a social psychological construct intended to capture why some socially disadvantaged groups will express favorable attitudes (and even preferences) toward social, cultural, or ethnic groups other than their own. Considered by many psychologists as part of a variety of system-justifying motives, outgroup favoritism has been widely researched as a potential explanati

The following outline is provided as an overview of and topical guide to accounting:

The following outline is provided as an overview of and topical guide to advertising:

Over-the-counter (OTC) or off-exchange trading or pink sheet trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. In an OTC trade, the price is not necessarily pub

The overnight market is the component of the money market involving the shortest term loan. The overnight market is primarily used by banks and other financial institutions. Lenders agree to lend borrowers funds only "overnight", i.e., the borrower must repay the borrowed funds plus interest at the start of business the next day. Given the short period of the loan, the interest rate cha

The overnight policy rate is an overnight interest rate set by Bank Negara Malaysia (BNM) used for monetary policy direction. It is the target rate for the day-to-day liquidity operations of the BNM. The overnight policy rate (OPR) is the interest rate at which a depository institution lends immediately available funds (balances within the central bank) to another depository institution

The Overseas Investment Amendment Act 2018 is a New Zealand bill that amends the Overseas Investment Act 2005 to ban most non-resident foreigners from buying existing houses, by classifying them as sensitive land and introducing a residency test. Australian citizens are exempt from this rule as they are considered New Zealand residents per the Trans-Tasman Travel Arrangement. Singaporean

The term P chip (Chinese: P股) refers to Chinese companies listed on the Hong Kong Stock Exchange which are incorporated in the British Overseas Territories of the Cayman Islands, Bermuda and the British Virgin Islands with operations in mainland China, and are run by private sector Chinese businessmen. During the 2008 financial crisis, P chips showed a dramatic increase in the rate of ba

Palahalli Ramaiya Brahmananda (27 September 1926 – 23 January 2003) was an Indian monetary economist. He co-developed the Wage Goods Model with Chandulal Nagindas Vakil in 1956 and took part in India's anti-inflation policies during the economic crisis of the 1970s. He has published over 150 books and 1,000 articles.

Packaging is the science, art, and technology of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of designing, evaluating, and producing packages. Packaging can be described as a coordinated system of preparing goods for transport, warehousing, logistics, sale, and end use. Packaging contains, protects, preserves, transports

Pakistan Crypto Council (PCC) is a Pakistani regulatory body established to develop policy, infrastructure and regulation for blockchain technology and digital assets within Pakistan. It operates under the Ministry of Finance with input from the State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and other federal agencies.

In November 2008, Munaf Kalia (CEO of Khanani and Kalia International (Pvt.) Ltd.), Yusuf Kalia, and associates, were charged with illegally transferring funds from Pakistan to Afghanistan. In light of the charges, the State Bank of Pakistan revoked the license for Khanani and Kalia International to operate its foreign exchange business and shut down its offices.

Pakistan Mercantile Exchange, formerly known as National Commodity Exchange Limited is a futures commodity exchange based in Karachi, Pakistan. It is the only company in Pakistan to provide a centralised and regulated place for commodity futures trading and is regulated by Securities and Exchange Commission of Pakistan (SECP). It began its full trading operations on 11 May 2007.

The Republic of Panama is one of the oldest and best-known tax havens in the Caribbean, as well as one of the most established in the region. Panama has had a reputation for tax avoidance since the early 20th century, and Panama has been cited repeatedly in recent years as a jurisdiction which does not cooperate with international tax transparency initiatives.

The Panama Papers (Spanish: Papeles de Panamá) are 11.5 million leaked documents (2.6 terabytes of data) published from April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. These documents, some dating back to the 1970s, were created by, and taken from, the former Panamanian offshore law firm and corporate service provider Mo

The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 business leaders, billionaires,

A panel discussion, or simply a panel, involves a group of people gathered to discuss a topic in front of an audience, typically at scientific, business, or academic conferences, fan conventions, and on television shows.

Paris Saint-Germain FC were initially fan-owned, with around 20,000 members under a non-profit association governed by 1901 French law (Association PSG). The club was led by board members Guy Crescent, Pierre-Étienne Guyot and Henri Patrelle. In 1973, a group of French businessmen led by Daniel Hechter and Francis Borelli took control of the club. PSG changed ownership in 1991 when Canal

In finance, partial return reverse swap (PRRS) is a type of derivative swap, a financial contract that transfers a percentage of both the credit risk and market risk of an underlying asset, usually half, while also transferring all of the ownership liabilities for estate planning, tax purposes, and insider trading rules.

Partners Group Holding AG is a Swiss-based global private equity firm with US$185 billion in assets under management in private equity, private infrastructure, private real estate, private debt and royalties.

The Partnership for Global Infrastructure and Investment (PGII or PGI) is a collaborative effort by Group of Seven (G7) to fund infrastructure projects in developing nations based on the trust principles of the Blue Dot Network. It is intended to be the bloc's counter to China's Belt and Road Initiative and a key component of the "Biden Doctrine".

Partnerships UK plc (PUK) was a centralized unit responsible for furthering public-private partnerships in the United Kingdom. It was a public limited company formed in 2000, owned jointly by HM Treasury and the private sector. It ceased activity in 2011.

Passive income is a type of unearned income that is acquired with little to no labor to earn or maintain. It is often combined with another source of income, such as regular employment or a side job. Passive income, as an acquired or earned income, is typically taxable.

Passive management (also called passive investing) is an investing strategy that tracks a market-weighted index or portfolio. Passive management is most common on the equity market, where index funds track a stock market index, but it is becoming more common in other investment types, including bonds, commodities and hedge funds. There has been a substantial increase in passive investing

Patch Media operates Patch.com, an American local news and information platform, based in Manhattan. It is primarily owned by Hale Global. Patch is operated by Planck, LLC, doing business as Patch Media.

Patricia Mary Cloherty (July 2, 1942 – September 23, 2022) was an American businesswoman, company director, and private equity financier. She was the chairman and CEO of Delta Private Equity Partners. Cloherty served as manager of The U.S. Russia Investment Fund and Delta Russia Fund, two venture capital funds which operated in Russia. In 2004, Cloherty was named Businessperson of the Ye

Patricia Falco Beccalli (born 21 January 1970 in Vienna, Austria) is a freelance moderator, executive media coach, and writer. For over 14 years she was a financial journalist and anchor of CNBC TV based in London. Moving on to Germany, she reported daily from the Frankfurt stock exchange on business and financial markets for many international studios of the CNBC network. She also repor

Patrick Robert Chovanec (born February 14, 1970) is an American writer and economic advisor at Silvercrest Asset Management, where he was formerly chief strategist. He has taught as a professor at Tsinghua University's School of Business and Management in Beijing, China and as an adjunct professor at the School of International and Public Affairs, Columbia University, and is a frequent c

Patron Capital Partners ("Patron") is a European private equity real estate fund with its main investment advisor, Patron Capital Advisers LLP based in London, United Kingdom. Patron Capital Partners represents approximately €4.0 billion of equity across several funds and related co-investments.

Paul Alec Bilzerian (born 1950) is an American businessman and former corporate raider. For two years, while he owned a controlling stake, he was the chairman and CEO of Singer Corporation. In 1989, he was convicted on nine felony counts of federal crimes, including criminal conspiracy, making false statements, securities fraud, tax fraud, and securities law violations, and sentenced to

Paul Capital is a private equity investment firm made up of a fund of funds, secondary investments and a healthcare direct investment (royalty and revenue interest financing) business. The firm has more than 100 employees and manages more than $7 billion across its three distinct investment platforms.

Paul Casimir Marcinkus (; January 15, 1922 – February 20, 2006) was an American Catholic prelate who served as president of the Institute for the Works of Religion, commonly known as the Vatican Bank, from 1971 to 1989. He also served as president of the Governorate for Vatican City State from 1989 to 1990, following eight years as vice-president. He was the titular Archbishop of Horta.

Paul Pressler (born 1956) is an American business executive. He is the chairman of the board of directors of eBay. He has held executive positions at companies such as Gap, Inc., the Walt Disney Company, and was a partner at the private equity firm Clayton, Dubilier & Rice.

Paul Tudor Jones II (born September 28, 1954) is an American billionaire hedge fund manager. In 1980, he founded Tudor Investment Corporation, an asset management firm headquartered in Stamford, Connecticut. Eight years later, he co-founded the Robin Hood Foundation, which focuses on poverty reduction. As of July 2024, his net worth was estimated at US$8.1 billion.

Pay-per-sale or PPS (sometimes referred to as cost-per-sale or CPS) is an online advertisement pricing system where the publisher or website owner is paid on the basis of the number of sales that are directly generated by an advertisement. It is a variant of the CPA (cost per action) model, where the advertiser pays the publisher and/or website owner in proportion to the number of action

Paya Holdings, Inc. is an American payment processor service that operates in North America and is headquartered in Atlanta, Georgia. As well as its headquarters, it has offices in Florida, Ohio and Virginia.

Payanywhere is a payments platform and app that allows merchants in the United States to accept credit and debit card payments while building customer relationships in-store, online, or on the go. Merchants may accept payments on their smartphone via a Bluetooth card reader or on an in-store “Storefront” solution featuring a tablet and stand, which was introduced on April 8, 2014. PayAny

Payback period in capital budgeting refers to the time required to recoup the funds expended in an investment, or to reach the break-even point.

PayBox is an Israeli social payment application that facilitates peer-to-peer money transfers, group collections, and payments to businesses. Launched in 2014 by PayBox Ltd, the app was acquired by Israel Discount Bank in 2017 and has since operated as part of the Discount Group.

Paym ( PAY-əm) was a mobile payment system provided by banks and building societies in the United Kingdom. Recipients were identified by their mobile phone number instead of bank details such as sort code and account number.

PayMe (officially known as PayMe from HSBC) is a mobile payment service from HSBC, currently available only for Hong Kong users with local phone numbers and banks. Users can pay businesses, transfer money to one another using a mobile app, linked to their credit card or (any local) bank account.

The Payment Card Industry Data Security Standard (PCI DSS) is a global data security standard that regulates how entities store, process, and transmit cardholder data (CHD) and/or sensitive authentication data (SAD). PCI DSS includes guidelines regarding components of organizations' technical and operational system that are related to such data. Cardholder Data refers to information inc

Payment for order flow (PFOF) is the compensation that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker. The market maker profits from the spread (the difference between purchase price and sale price) and rebates a portion of this profit to the routing broker as PFOF. Some of this benefit may be passed on to the retail

A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers.

The Revised Payment Services Directive (PSD2, Directive (EU) 2015/2366, which replaced the Payment Services Directive (PSD), Directive 2007/64/EC) is an EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA). The PSD's purpose

A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. A payment system is an operational network which links bank accounts and provides for monetary exchange using bank dep

Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. PayNet is Malaysia's premier payments network and central infrastructure for fi

PayNow is a near-instant real-time payment system developed by Association of Banks in Singapore. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions. The system is supported by all major Singaporean banks and is regulated by the Monetary Authority of Singapore (MAS) and works by transferring funds between two bank accounts.

Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders. The company operates as a payment processor for online vendors, auction sites and many other commercial and

PayPoint plc is a British company that provides multichannel payment and retail services across the United Kingdom. Founded in 1996, the company facilitates payments through a nationwide network of convenience stores and offers services including bill payment, mobile phone top-ups, parcel delivery and collection, and Open Banking integrations.

Paysafe Limited (formerly known as Optimal Payments PLC) is a multinational online payments company. Paysafe offers payment processing, digital wallet and online cash systems to businesses and consumers, with particular experience of serving the global entertainment sectors. The group offers services both under the Paysafe brand and subsidiary brands that have become part of the group th

PaysafeCard (until 2024 stylized paysafecard) is a prepaid e-commerce payment solution powered by vouchers. It is part of Paysafe, a global payments platform. PaysafeCard allows customers to pay online without providing personal financial information.

PayU is a Dutch payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp.

Payzone is an Irish consumer payment service provider company based in Dublin. The company processes electronic transactions, including debit and credit card transactions mobile phone top ups, M50 motorway toll payments, Leap travel cards, local property tax payments, pay-by-phone parking, pre-paid and bill pay utility and parcel collection services.

In corporate finance, the pecking order theory (or pecking order model) postulates that "firms prefer to finance their investments internally, using retained earnings, before turning to external sources of financing such as debt or equity" - i.e. there is a "pecking order" when it comes to financing decisions. The theory was first suggested by Gordon Donaldson in 1961 and was modified by

Peer-to-peer investing (P2PI) is the practice of investing money in notes issued by borrowers who are requesting a loan without going through a traditional financial intermediary and who are unknown to the investor. P2PI is not to be confused with Peer-to-peer lending (P2PL) which deals with the borrower's part. Investing takes place online via a peer-to-peer lending/investing company. T

Peer-to-peer lending (P2P lending) is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns

The pensions crisis, or pensions time bomb is the predicted difficulty in paying for corporate or government pension benefits in various countries, due to a mismatch between pension obligations and the resources set aside to fund them. The basic difficulty of the pension problem is that institutions must be sustained over far longer than the political planning horizon. Shifting demograph

Pensions in Ukraine provide income for retirees in Ukraine. They are provided pursuant to the Law of Ukraine on Compulsory State Pension Insurance (statements of the Ukrainian Supreme Council, 2003, No. 49–51, art. 376) that specifies a three-tiered pension provision system.

Pepper (Hebrew: פפר) is an Israeli online banking service of Bank Leumi where all banking services are offered exclusively through a mobile app.

Pepperstone is an Australian forex and CFD broker that provides trading services in forex, shares, commodities and other asset classes across multiple jurisdictions. The company was founded in 2010 in Melbourne, Australia, by Owen Kerr and Joe Davenport. The group operates internationally through regulated entities in jurisdictions including the UK, Germany, Cyprus, Kenya, Bahamas, and t

The Permanent Court of Arbitration (PCA) is an intergovernmental organization headquartered at the Peace Palace in The Hague, Netherlands, which was built to house the PCA.

A perpetual bond, also known colloquially as a perpetual or perp, is a bond with no maturity date, therefore allowing it to be treated as equity, not as debt. Issuers pay coupons on perpetual bonds forever, and they do not have to redeem the principal. Perpetual bond cash flows are, therefore, those of a perpetuity.

Persona Communications, formerly Regional Cablesystems, was a cable television, Internet and telecommunications provider in Canada.

Personalization (broadly known as customization) consists of tailoring a service or product to accommodate specific individuals. It is sometimes tied to groups or segments of individuals. Personalization involves collecting data on individuals, including web browsing history, web cookies, and location. Various organizations use personalization (along with the opposite mechanism of popula

Peter Lynch (born January 19, 1944) is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently outperforming S&P 500 stock market index and making it the best-performing mutual fund in the world. During his 13-year tenure, assets under manage

Peter David Schiff (; born March 23, 1963; nicknamed "Dr. Doom") is an American stockbroker, financial commentator, and radio personality. He co-founded Echelon Wealth Partners in Canada (formerly Euro Pacific Canada). He is involved in other financial services companies including Euro Pacific Asset Management, as an independent investment advisor, and Schiff Gold (formerly Euro Pacific

Petrocurrency (or petrodollar) is a word used with three distinct meanings, often confused:

Petrodollar recycling is the international spending or investment of a country's revenues in U.S. dollars from petroleum exports ("petrodollars"). It generally refers to the phenomenon of major petroleum-exporting states, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in their own economies. The resulting

The Pfandbrief (plural: Pfandbriefe), a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. Total volume outstanding in Pfandbriefe was EUR 806 billion as at end-2008. Pfandbrief bon

PFTS index is a benchmark index of PFTS Ukraine Stock Exchange, Ukraine's leading bourse. Beside PFTS Index, there are also the UX Index of the Ukrainian Exchange and the Ukrainian Average Index 50 (UAI-50) being composed by analysts of internet-publisher fundmarket.ua.

Phantom debt or zombie debt is a debt that is old, defaulted, or not owed and is somehow still being pursued for collection to be paid by the presumed debtor. It generally refers to debt that is more than 3 years old, is long forgotten about or belonged to someone else – like someone with the same name or a deceased parent. The amount owed can grow to hundreds or thousands of dollars mor