March effect
n.— «The move to garner more deposits by offering up to double-digit rates this month is primarily because it is the end of this financial year when banks try to meet their annual fund targets. This, the industry calls the “March effect.”» —“April may see end of interest splash for FDs” by Deepti Bhaskaran Indian Express (New Delhi, India) Mar. 22, 2007. (source: Double-Tongued Dictionary)
Further reading
In the 15th century, the word respair meant “to have hope again.” Although this word fell out of use, it’s among dozens collected in a new book of soothing vocabulary for troubled times. Plus, baseball slang: If a batter...
The English language has been greatly enriched by borrowings from the languages of Asia. Barely scratching the surface, we have from Japan skosh, tycoon, tsunami, origami, yen, kimono, futon, and karaoke. From Chinese comes yen, kowtow, gung ho, and...