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
The expression to run the traps means “to perform due diligence” or “solicit a wide variety of opinions” or “investigate every angle thoroughly.” This metaphor derives from the literal sense of running the traps, which refers to hunting and fishing...
The casual phrase good enough for who it’s for suggests that something wasn’t done perfectly, but was done well enough. This saying is not all that common, but it’s been around for at least a century. Similar expressions used in the construction...