hair on it

hair on it
 v. phr.— «M&T Bank also said the investors who buy the bank’s mortgage debt are taking advantage of contractual clauses to force M&T to buy loans back, sometimes because of payment defaults. The bank set aside $6 million anticipating that more investors will force M&T to repurchase Alt-A loans at a loss.…“Buyers are getting very edgy right now.…Anything that shows any hair on it is going to get put back to the lenders.”» —“Mortgage Woes Spread Up Credit Ladder” by Dan Seymour Fortune Apr. 2, 2007. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Your Imaginary Boyfriend (episode #1581)

We use the term Milky Way for that glowing arc across the sky. But how people picture it varies from culture to culture. In Sweden, that starry band goes by a name that means “Winter Street,” and in Hawaii, a term for the Milky Way...

Smack Dab (episode #1652)

A flashlight emits a steady beam of light. So what’s the flash part of that word about? Also, if you’re a nervous Nellie, you’re skittish and indecisive—both characteristics of an American politician who earned that nickname in the...

Recent posts