cat bond
n.— «His name was John Seo, he was 39 years old and he ran a hedge fund in Westport, Conn., whose chief purpose was to persuade investors to think about catastrophe in the same peculiar way that he did. He had invested nearly a billion dollars of other people’s money in buying what are known as “cat bonds.” The buyer of a catastrophe bond is effectively selling catastrophe insurance.» —“In Nature’s Casino” by Michael Lewis New York Times Aug. 26, 2007. (source: Double-Tongued Dictionary)
Further reading
An ambitious effort to install poetry in national parks around the United States features the work of beloved poets in beautiful spots. It’s a reminder that “Nature is not a place to visit. Nature is who we are.” Also, Google...
She sells seashells by the seashore. Who is the she in this tongue twister? Some claim it’s the young Mary Anning, who went on to become a famous 19th-century British paleontologist. Dubious perhaps, but the story of her rise from seaside...