bottom fisher n.— «Some of the new capital comes from what are called “bottom fishers”—investors who are willing to buy some of the dicey IOUs from banks at a healthy discount.» —“Is It Over?” by Irwin M...
yard n.— «In broker speak, a bank might ask for a “yard”—one billion in a designated currency.» —“To hide desperation for cash, banks may be falsifying interest rate reports” by Carrick Mollenkamp Wall...
mattressing n.— «In the leaked testimony, Mr Kerviel even spoke of a technique called “mattressing,” the term used by other traders and managers at the bank to hide their results.» —“Custom and practice, or a man with a lot to...
short sale n.— «At Selling Paradise Realty, a sign seeks customers with a free list of properties facing foreclosure and “short sales,” meaning the price is less than the owner owes the bank.» —“This Is the Sound of a Bubble...
most-favored-nations clause n.— «Both the Allison and First Data offerings included what amounts to a buyer’s protection plan against further price cuts on the loans. Under what is known as a most-favored-nations clause, if the banks sell...
kitchen sink quarter n.— «Most of the banks will write off in the third and fourth quarter just about everything they can write off—what I call kitchen sink quarters.…But 2008 should be a pretty good year.» —“Moving parts in...