︎
metal play n.— «In industry parlance, the plane deals are called “metal plays.” After 9/11, when airlines started returning planes to creditors or demanding substantially lower lease rates, a few hedge funds saw an...
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...