pixie money
n.— «Heard a new phrase recently: “Pixie money.” This, it was explained to me, is money that doesn’t really exist. For example, you could sell your Regina bungalow for $50,000 or $100,000 more than you paid for it, but you’d then have to spend even more money in order to buy another place. So you stay put, consoling yourself with the knowledge that your home theoretically has more value—though you can’t realize it unless you sell it, move and accept the financial consequences. So unless you figure out a way to “beat the system,” that soaring real estate value is pretty well imaginary—ergo, “pixie money.”» —“Changing of the guard at CTV Regina” by Will Chabun Leader-Post (Regina, Saskatchewan, Canada) Aug. 8, 2007. (source: Double-Tongued Dictionary)
Further reading
What’s up with ketchup? The shifting history and spelling of the name of this condiment. For centuries, ketchup was a fishy sauce originating in Asia—the tomatoes came only later! Plus, a new book shows what’s lost when a language dies: when there...
Amid a 1796 heat wave, Jane Austen wrote to her sister, “What dreadful hot weather we have! It keeps me in a continual state of inelegance.” This is part of a complete episode. Transcript of “Jane Austen’s Continual State of Inelegance in a...