dry powder
n.—Gloss: a (venture capital) company’s unspent investment funds. «Then there are the private equity and VCs looking to put some of their “dry powder” to use (which is how nearly every VC I’ve talked to has referred to the unspent amount of their Fund).» —“Dry Powder” by Rags Gupta Digital Music News: Insider Blogs Aug. 9, 2004. (source: Double-Tongued Dictionary)
Further reading
In 1916, a small-town newspaper in Pennsylvania printed a fanciful item about a local gathering with a guest list that included, among others, Miss Ella Vader, Mr. Ray Zor, and other punny names. This is part of a complete episode. Transcript of...
If a baseball is hit really hard, it’s said that the batter powdered it, used to refer to hitting or pitching that’s especially powerful, as if the ball had been fired from a cannon. Similarly, a pitcher with a blistering fastball is...