Perp Walk

Dictionary Says

Definition of 'Perp Walk'


A slang term that describes the practice sometimes employed by law enforcement authorities, notably in the U.S., of parading an arrested suspect in public, with members of the media usually in attendance. Short for "perpetrator walk," the alleged suspect is usually a white-collar or high-profile criminal. The perp walk often takes place either shortly after the suspect is first arrested at his or her residence or workplace, or when the suspect is on the way to court for an arraignment.



Investopedia Says

Investopedia explains 'Perp Walk'


Defenders of the perp walk contend that it is meant to assert that no individual - regardless of their office or reputation - is above the law. Critics contend that the perp walk is a tactic employed by ambitious attorneys to bolster their public image, and serves little purpose apart from publicly humiliating the defendant. Another criticism is that the use of the term "perp" itself denies the defendant the presumption of innocence, which is one of the most basic tenets of the law.



comments powered by Disqus
Hot Definitions
  1. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  2. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  3. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  4. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  5. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  6. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
Trading Center