floorplanning n.— «The move is intended to stimulate small business and consumer lending, which has dried up in the wake of the credit crisis. Most dealers finance their inventory—a process called floorplanning—through automakers or banks.» —“Auto...
repo n.— «Regulators also are monitoring repurchase agreements, also known as repos, which banks use for short-term financing. In a common arrangement known as tri-party repo, one bank lends money to another bank, which offers securities as...
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. Stelzer Daily Standard (Washington, D.C...
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 Street Journal Apr. 16, 2008. (source: Double...
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 prove?” by John...
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 Bursting” by Peter S...
