promote
n.— «The outside accountants also found that Tom, Nick and Penny had been awarded large equity stakes, known in Pritzker parlance as “promotes,” on deals financed with family money.» —“Inside the Pritzker family feud” by Susan Chandler, Kathy Bergen Chicago Tribune June 12, 2005. (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...
Cat hair may be something you brush off, but cat hair is also a slang term that means “money.” In the same way, cat beer isn’t alcoholic — some people use cat beer as a joking term for “milk.” And imagine walking on a...