dry powder
n.—Gloss: Capital readily available for investment. «Capital available for secondary deals—what the industry calls dry powder—is about $12 to $15 billion, said Small, whose company manages some $4.2 billion of secondaries.» —“ANALYSIS-Caution key for buyers of cheap secondary buy-outs” by Douwe Miedema, Simon Meads in London, United Kingdom Forex Pros Nov. 24, 2008. (source: Double-Tongued Dictionary)
Further reading
Brian from Lafayette, Indiana, wonders why chicken is abbreviated CHX in the restaurant industry. Using X as a substitute or shortener has a long history. Medieval scribes sometimes drew a line through the final stroke of an abbreviated word. This...
Outer space, used with its modern meaning, appears as early as the 1840s in a poem by Emmeline Stuart-Wortley. Soon after, Alexander von Humboldt was using variations on it in his writings about the cosmos. By 1901, H.G. Wells was using outer space...