PILOT
n.— «The companies—including behemoths like JPMorgan Chase, Pfizer and NBC—have paid a fraction of their normal property tax bill for years through these little-known deals, commonly called PILOTs (Payments in Lieu of Taxes).» —“Deals that lead to lost property taxes” by Juan Gonzalez New York Daily News Dec. 20, 2007. (source: Double-Tongued Dictionary)
Further reading
In 1916, a small-town newspaper in Pennsylvania printed a fanciful item about a local gathering with a guest list that included, among others, Miss Ella Vader, Mr. Ray Zor, and other punny names. This is part of a complete episode. Transcript of...
Greg in Mena, Arkansas, says that when he was learning to be a professional pilot, one of his instructors would say, You thought like Nelly if someone had thought they were doing something correctly, but failed to. Although the phrase is not that...