compensatory trade

New categories of coverage offered to foreign firms included compensatory trade, satellite launching, nuclear power plant safety, offshore oil development insurance, insurance against contract failure, and insurance against political risk.

Prescott Crocker, a portfolio manager with Colonial Group Inc., testified that Mr. Milken had offered to do a series of compensatory trades after Mr. Crocker complained that he believed Drexel had used inside information in its purchase of Caesars bonds from him.