soft-second
n.— «As another example, borrowers could be required to share with the government or with the holder of the borrower’s existing mortgage either the equity created through a write-down or the future appreciation in the home price, or both, over some specified time period. In other words, the government or investor would have what is known as a “soft-second.”» —“Federal Housing Administration Housing Stabilization and Homeownership Act” Forexhound.com Apr. 9, 2008. (source: Double-Tongued Dictionary)
Further reading
Stacy from Marquette, Michigan, says her German-born grandfather would warn that she was going to get a putsch or potch, meaning a “a gentle slap” on her bottom, if she misbehaved. The German verb Patsch means “slap.” The...
When there’s no evening meal planned at home, what do you call that scramble to cobble together your own dinner? Some people apply acronyms like YOYO — “you’re on your own” — or CORN, for “Clean Out your Refrigerator...