money good
adj.— «Although many of the assets and issuers backing these securities are solid, or “money good” in Wall Street parlance, the mechanics of the auction-rate securities market as well as the continuing credit squeeze give issuers and brokers little incentive to help the investors.» —“It’s a Long, Cold, Cashless Siege” by Gretchen Morgenson The Ledger (Lakeland, Florida) Apr. 13, 2008. (source: Double-Tongued Dictionary)
Further reading
Enthusiastic book recommendations! Martha’s savoring the biography of Alexander von Humboldt, the 19th-century explorer, polymath, and naturalist who revolutionized our understanding of nature and predicted the effects of human activity on...
Why is it harder to talk if we don’t gesture? Why do we still move our hands if we’re talking on the phone but the other person can’t see us? Such questions are tackled in the new book Gesture: A Slim Guide (Bookshop|Amazon), a...
You can find another usage of this in the article at: http://www.nplusonemag.com/?q=node/418
The anonymous “hedge fund manager” in the article uses money-good, as well as a few other colorful bits of Financial jargon.
I’m not sure what to make of the article itself, but the interviewee talks like pretty much every Equity guy I’ve ever met.
One minor note, when you research the term, you might want to try it with and without a hyphen. Since the term is largely used in casual conversation and e-mail, it’s a bit hard to be sure which is more popular.