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 a second...
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 banking system...
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 owed to...
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 Rock) July 20, 1986. (source: Double...
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 Jon Knutson In-Forum (Fargo...
suitcase v. to carry contraband in one’s rectum. Editorial Note: A synonym is to bank. (source: Double-Tongued Dictionary)
