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
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...
Miley in The Dalles, Oregon, asks about going gunny bags meaning to “break down” or “go haywire.” Her mother uses this expression, but has no idea where she picked it up. The term gunny sack, referring to a bag made of coarse material such as jute...