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EBay also did not offer ways for buyers and sellers to chat online, fearing they would close their transactions off the site to avoid paying fees.
"If this goes through," declared Elizabeth Warren of Harvard Law School, "the incentive for corporations will be to move more and more transactions off the books".
"If this goes through, the incentive for corporations will be to move more and more transactions off the books," said Elizabeth Warren, a professor at Harvard Law School and an expert on bankruptcies.
"There is no ebitda if you take the leasing transactions off the books," concedes Daniel Cohrs, Global's chief financial officer.
Or a platform can disrupt even seemingly unrelated industries, as Google did with Android, by building new transactions off its existing network.
In 1970, the Bank Secrecy Act required proper record-keeping, which officially made it illegal to conduct transactions "off the books".
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These disclosures include related-party transactions, off-balance-sheet arrangements and contracts that are not traded on an exchange.
In this section, we can reorder transactions off-line so that more important transactions can achieve more concurrency at runtime.
Depending on the nature of the evidence, such allegations would go far in advancing the government's theory that Enron engaged in improper transactions with off-the-books partnerships to improve its apparent financial results.
A former Enron executive who helped structure transactions with off-the-books partnerships pleaded guilty yesterday to tax violations and agreed to cooperate with the criminal inquiry into the company's collapse.
For example, they buy and sell foreign exchange in the forward markets and record these transactions as off-balance sheet items that may or may not be made public.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com