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
In 1971, when a new public library opened in Troy, Michigan, famous authors and artists were invited to write letters to the city’s youngest readers, extolling the many benefits of libraries. One of the loveliest was from E.B. White, author of...
The archaic English word ruelle means “the space between a bed and the wall.” It’s adapted from French ruelle meaning “a small alley or lane.” This is part of a complete episode.
Related
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.