Peggy Lee moment v. phr.— «Now we have the “Peggy Lee Moment.” I heard a reference to this last week on one of those television stations that feature a bunch of guys screaming at each other, and liked it so much I decided to...
enter runoff v. phr.— «It looks like some insurers will “enter runoff,” that is, do no new business and instead collect their premiums as the bonds they insure mature.» —“Ambac, MBIA Finally Have Their ’Peggy Lee...
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...