gearing n.— «The managers have an incentive to take too much risk in order to deliver the excess return. One method is to borrow from the banks, in the expectation that the return on the new assets will be higher than the rate of interest...
tote a note v. phr.— «A house note dealer is a car dealer who doesn’t go through a bank or credit bureau when he sells a car. Rather, he “totes the note” himself.» —by John Reed Arkansas Democrat-Gazette (Little...
high-touch adj.— «Will banks need to be high-tech to succeed? There’s always going to be what I call the high-touch bank. There’s always going to be the high-tech bank, and banks in between.» —“Banking on technology” by...
suitcase v. to carry contraband in one’s rectum. Editorial Note: A synonym is to bank. (source: Double-Tongued Dictionary)
hair on it v. phr.— «M&T Bank also said the investors who buy the bank’s mortgage debt are taking advantage of contractual clauses to force M&T to buy loans back, sometimes because of payment defaults. The bank set aside $6...
round trip transaction n.— «According to prosecutors, Stockman lied to banks about the firm’s financial condition, inducing them to loan the company money it couldn’t repay. He engaged in “round trip” transactions that...