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...
cold smoke n.— «Located 16 miles north of Bozeman, Bridger is renowned for powder so dry and wispy, locals dub it “the cold smoke.”» —“The Attraction of Winter in Bozeman” New West (Missoula, Montana) Nov...