Tagcapital

Hang for a Sheep

Rick calls from Rouses Point, New York, to ask about the etymology of the phrase to hang for a sheep as for a lamb, meaning to go for broke or to go all out. The answer involves the old tradition of capital punishment for poaching animals. Given the...

dry powder

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...