dry powder n.—Gloss: Capital readily available for investment. «Capital available for secondary deals—what the industry calls dry powder—is about $12 to $15 billion, said Small, whose company manages some $4.2 billion of secondaries...
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...