pre-baked
adj.— «Stapled financing is a relatively new phenomenon in both the U.S. and Europe that presents its own unique set of conflicts. In such a financing transaction the investment bank running the auction of a business also offers a financing package for the buyer of the business being sold. In other words, as part of the auction, a pre-baked financing package is “stapled” to the target company and sanctioned by the seller.» —“Successfully Managing Private Equity Conflicts Of Interest” by Stuart Mills in Bank of America CapitalEyes Aug., 2004. (source: Double-Tongued Dictionary)
Further reading
A flashlight emits a steady beam of light. So what’s the flash part of that word about? Also, if you’re a nervous Nellie, you’re skittish and indecisive—both characteristics of an American politician who earned that nickname in the...
After our conversation about nighttime wakefulness, a Sacramento, California, woman shares the funny story behind the term she and her husband use for that phenomenon: squeegee. This is part of a complete episode.
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