ATM offering
n.— «UAL registered earlier this month to sell as much as $200 million through a dribble. “We believe this program provides more flexibility” than a traditional follow-on, said United spokeswoman Jean Medina. The method allows the company “to determine when to go to the market and with how many shares.” The technique, also known as an ATM offering because, like a bank’s automated teller machine, lets companies pocket small amounts of cash, has been particularly popular among airline stocks this year.» —“Cash Still Dribbles In for Some” by Lynn Cowan Wall Street Journal Dec. 22, 2008. (source: Double-Tongued Dictionary)
Further reading
Astronauts returning from space say they experience what’s called the overview effect, a new understanding of the fragility of our planet and our need to reflect on what humans all share as a species. A book about the end of the universe...
In 1971, when a new public library opened in Troy, Michigan, famous authors and artists were invited to write letters to the city’s youngest readers, extolling the many benefits of libraries. One of the loveliest was from E.B. White, author of...