money-good
adj.— «“OK, something that Moody’s rates triple-A must be money-good, so I’m going to worry about the other things I’m investing in, but when it comes time to say, ’Where am I going to put my cash?,’ I’ll just leave it in triple-A commercial paper, I don’t have time to think about everything.”…And pricing on triple-A CDO paper was very, very rich. Spreads were very, very tight, and these guys said, “You know what? These assumptions that triple-A is money-good, or the assumptions that underlay Moody’s ratings”…In other words, if you buy a bond, you’re going to get back your principle. It’s money-good. You’re going to get a hundred cents on the dollar back. » —“Interview with a Hedge Fund Manager” N+1 Jan. 7, 2008. (source: Double-Tongued Dictionary)
Further reading
Twice a day the River Thames recedes, revealing a muddy shoreline. Hobbyists known as mudlarks stroll the surface searching for objects that have found their way into the river over the centuries, everything from ancient Roman jewelry to modern...
Many of us struggled with the Old English poem “Beowulf” in high school. But what if you could actually hear “Beowulf” in the English of today? There’s a new translation by Maria Dahvana Headley that uses contemporary...