spinning
n.— «Handing out chunky pieces of a hot IPO has led to trouble in other markets. Several years ago, U.S. regulators cracked down on a practice known as spinning, in which investment banks steered hot IPO shares to preferred clients in hopes of winning lucrative advisory work from those clients.» —“Hong Kong elite score hot IPOs” by Kate Linebaugh in Hong Kong Wall Street Journal June 2, 2006. (source: Double-Tongued Dictionary)
Further reading
In Cockney rhyming slang, apples and pears is a synonym for “stairs,” and dustbin lids means kids. Plus, sniglets are clever coinages for things we don’t already have words for. Any guesses what incogsneeto means? It’s the...
In the 15th century, the word respair meant “to have hope again.” Although this word fell out of use, it’s among dozens collected in a new book of soothing vocabulary for troubled times. Plus, baseball slang: If a batter...