Churning

. Banking: (1) Replacing old accounts with refinancing which generates banking fees, but the total number of accounts remains stagnant. (2) Replacing expired accounts with new accounts without increasing the number of accounts or customers. (3) Accepting partial payments on delinquent accounts without curing delinquency.

2. Securities: Illegal broker practice involving intensive trading of a customer’s account, to increase the broker’s commission without regard to the customer’s best interest.