round trip transaction
n.— «According to prosecutors, Stockman lied to banks about the firm’s financial condition, inducing them to loan the company money it couldn’t repay. He engaged in “round trip” transactions that involved masking loans—which were supposed to be repaid—as income. He exaggerated the manufacturer’s prospects, knowing his claims were untrue, which led people to buy company securities that quickly became worthless.» —“David Stockman’s Second Act” by Michael Kinsley Time Apr. 5, 2007. (source: Double-Tongued Dictionary)
Further reading
While reading Great Expectations (Bookshop|Amazon) by Charles Dickens, a listener in Arlington, Texas, is surprised when one of the characters inherits some money, which Dickens describes as a cool four thousand. Were they really using cool that way...
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 1920s. And...