jamming
n.— «The practice known as “slamming the wire” or “jamming” is not illegal but can upset the efficiency of the $600 billion-a-day U.S. government debt market, according to a report in the Financial Times on Thursday.…The “slamming” trade involves holding a large quantity of Treasury securities, borrowed as part of a repo, until the last seconds of the trading day when they are due and then flooding the market, making it hard for other traders to finish their end of the trade, according to the report. The end result is the “slammer” releases himself of obligations while holding cash overnight from other parties at zero cost.» —“‘Slamming’ may be cause of US bond mkt probe-report” in New York Reuters Nov. 10, 2006. (source: Double-Tongued Dictionary)
Further reading
Imagine telling someone how to get to your home, but without using the name of your street, or any other street within ten miles. Could you do it? We take street names for granted, but these words are useful for far more, like applying for a job or...
If you speak a second or third language, you may remember the first time you dreamed in that new tongue. But does this milestone mean you’re actually fluent? And a couple’s dispute over the word regret: Say you wish you’d been able...