A product sold under circumstances where one party (typically the seller) possesses material information unknown to the other party (the buyer) or the general public. This concealed information grants the seller an unfair, often unethical, and potentially illegal advantage or benefit.
Derived from the name "Nancy Pelosi" this word satirically refers to the unethical use of privileged information for personal gain, alluding to her well-publicized insider trading.
Derived from the name "Nancy Pelosi" this word satirically refers to the unethical use of privileged information for personal gain, alluding to her well-publicized insider trading.
The sale of the used car was a classic nanp because the salesman concealed the vehicle's history of accidents from the unsuspecting buyer
by Mbhudson December 23, 2024