dark derivative
n.— «In his testimony, Greenspan recommended to Congress that regulation of Over-The-Counter (OTC) derivatives between private parties was not necessary. These derivatives are referred to as “dark derivatives” as they take place away from exchanges where the terms could be made public and the companies examined by the exchange for counterparty risk—the risk that a company would be insolvent or bankrupted by the time when the derivative comes due.» —“The Money Matrix – Bring Light to Dark Derivatives! (PART 11/15)” by Jake Nolan Chart Apr. 7, 2009. (source: Double-Tongued Dictionary)
Further reading
Several years ago, the National Endowment for the Arts devoted a whole issue of its magazine to the topic of “The Art of Failure: The Importance of Risk and Experimentation.” Writers, artists, and musicians all shared their insights...
The autocomplete function on your phone comes in handy, of course. But is it changing the way we write and how linguists study language? Also, suppose you could invite any two authors, living or dead, to dinner. Who’s on your guest list and...