run-off
n.— «Michael Callen, who became interim CEO after Robert Genader left, told analysts on a conference call that the company has no plans to stop writing new insurance, a process known as going into “run-off.”» —“Ambac Reports Loss, Talks With ‘Potential Parties’ ” by Christine Richard Bloomberg.com Jan. 22, 20008. (source: Double-Tongued Dictionary)
Further reading
Some college students are using the word loyalty as a synonym for monogamy. Are the meanings of these words now shifting? Plus, a biologist discovers a new species of bat, then names it after a poet he admires. Also, warm memories of how a childhood...
Oenophiles are known for their evocative writing about wine, but that’s also true for sophisticated bourbon lovers. Some sensuous tasting notes from bourbon expert Susan Reigler from American Whiskey magazine serve as a case in point. This is part...