Dictionary:
tun·nel·ing (tŭn'ə-lĭng) ![]() |
| Britannica Concise Encyclopedia: tunneling |
For more information on tunneling, visit Britannica.com.
| Computer Desktop Encyclopedia: tunneling |
Transmitting data structured in one protocol within the format of another. See tunneling protocol.
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| Investment Dictionary: Tunneling |
An illegal business practice in which a majority shareholder or high-level company insider directs company assets or future business to themselves for personal gain. Actions such as excessive executive compensation, dilutive share measures, asset sales and personal loan guarantees can all be considered tunneling. The common thread is the loss to the minority shareholders, whose ownership is lessened or otherwise devalued through inappropriate actions that harm the overall value of the business.
Investopedia Says:
This risk is especially prevalent for investors in emerging markets, where government and regulatory controls may not be sufficient to stop the practice from occurring, often under legal guises. The practice is not reserved to moderately advanced economies; many instances can be found in advanced economies, especially those under systems of "civil law". The U.S. legal system is rooted in "common law", which provides broad enforceable laws with simple maxims like "fairness" and "for the common good". Under civil law, the letter of the law is the most respected measure, so would-be tunnelers can pass an act of tunneling off under certain technicalities, which often hold up in court.
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| Columbia Encyclopedia: tunneling |
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| trackless tunneling (mining engineering) | |
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![]() | Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved. Read more | |
![]() | Computer Desktop Encyclopedia. THIS COPYRIGHTED DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher. © 1981-2009 Computer Language Company Inc. All rights reserved. Read more | |
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