rondo

rondo
 n.— «Mudd’s latest real estate entry discusses the merits and rising popularity of “rondos”—industry slang for rental apartments that are being converted to condos.» —“Locals out front in business blog march” by Robert Trigaux St. Petersburg Times (Florida) Feb. 25, 2005. (source: Double-Tongued Dictionary)

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Further reading

Fair Dinkum (episode #1612)

A magnificent new book celebrates the richness and diversity of 450 years of written and spoken English in what is now the United States. It’s called The People’s Tongue, and it’s a sumptuous collection of essays, letters, poems...