STOLI n.— «In what has to be the wackiest new trend in life insurance, many consumers are allowing total strangers to place bets on when they will expire—and the sooner they go, the bigger the payoff. It’s called Stranger-Originated Life...
gang-cutting n.— «Prosecutors allege he led a multi-state ring that clipped bundles of coupons at a time from newspaper inserts—a practice known as “gang-cutting”—and sent them to IOS for processing, pretending they’d been...
bushing n.— «When you buy a car, you know how great it feels to drive off in a nice set of wheels, even if the car isn’t brand new. But what do you do if the car dealer calls you back days later and says you need to pay more money? It’s...
IBGYBG n.— «On Wall Street, a new phrase was invented only a few years ago: IBGYBG. I’ll be gone, you’ll be gone, so let’s do the deal and let the suckers pay for it. Now consumers are suckered into no-income second mortgages (:hey they...
steppable n.— «In many instances, consumers are a step ahead of the market. Elaine Morgan, 64, said she was researching drought-resistant plants and “steppables,” low ground cover which requires less maintenance and water than grass but...
front-run v. phr.— «Prosecutors allege day traders would buy or sell shares in advance of anticipated price movements, generating more than $600,000 in profits between January 2002 and February 2004. Mahaffy said no one ever told him they...