Definition
Appeal
A request for a higher court to review a lower court's decision.
From the episode “97% of Lawsuits Never See a Courtroom”Hear it on the podcast1 episode
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Related terms in Finance & Markets
AI washingAttributing layoffs or business outcomes to AI for headlines when the real cause is something else, like mismanagement.Algorithmic tradingComputer programs that place trades automatically based on pre-set rules.Alt dataNon-traditional datasets bought by hedge funds and CPG companies for investment and product decisions. SKU-level purchase data is one of the most valuable categories.Alternative InvestmentsAsset classes outside traditional public equities and fixed income. CJ Follini identifies 14 major categories: real estate (with seven commercial subcategories — logistics/warehouse, data centers, healthcare, senior housing, multifamily, retail, office), private equity, early-stage venture capital, secondaries, fine art, farmland/AgTech, infrastructure, hedge funds, commodities, timber, royalties, structured credit, and digital assets. Historically restricted to institutional investors and ultra-high-net-worth families due to due diligence complexity, illiquidity, and accreditation requirements. Platforms like Masterworks (fine art) began democratizing access; CJ's Noyack is building AI-native infrastructure to extend access to all 14 asset classes for individual investors.APS (Attending Physician Statement)A clinician-completed summary used when an electronic record cannot be retrieved, common in insurance underwriting.Automated market maker (AMM)A decentralized-finance mechanism that creates liquidity by pooling assets and matching trades algorithmically rather than through a traditional order book.Backdoor consentGrobler's term for permission harvested through platform terms of service that users accepted without understanding the likeness implications.Bank ReconciliationThe accounting process of matching bank records to internal books — an early target for AI replacement.