no-shop period n.— «Avaya has agreed to be bought out by Silver Lake and TPG Capital, two private equity firms with significant technology holdings, but analysts have said Avaya likely will be saddled with more debt by the deal...
get one’s bait back v. phr.— «Bain and its co-investors extracted special payments of over $100 million from each company, enabling Bain to make a healthy profit even before re-selling the businesses—a practice known as “getting...
jingle mail n.— «Kosciuszko said the mortgage insurance industry coined the term “jingle mail” because homeowners whose mortgages were worth far more than their homes literally mailed their house keys in to lenders...
poison put n.— «In December 1995, following several quarters of weak sales, Kmart Corp. came on the brink of a bankruptcy filing: Their problems stemmed from the possible exercise of $550 million of poison put bonds outstanding, which...
max up v. phr.— «He said he was “maxed up” on all his credit cards. There was no shame in his voice. In fact there was a certain pride. He seemed to think it was pretty cool to be in debt; “live life to the max”...