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
The word budget derives from French bougette, “leather bag.” An old phrase in English to open one’s budget, meant “to speak one’s mind.” The word purse is related to French bourse, a word for the stock market. This is part of a complete episode...
The first-ever “Word by Word” awards were presented by A Way With Words co-hosts Martha Barnette and Grant Barrett as part of a sold-out celebration at the San Diego Natural History Museum. To celebrate its tenth year of independent production...