liar’s loan n.— «Over half of subprime mortgages are stated-income loans, loans which the industry often refers to as “liars loans.” The question is, who’s lying? According to a survey of over 2,000 mortgage brokers, 43% of...
enviroprenuer n.— «The company invests in ecologically valuable ranches in the West and earns returns for investors by buying up degraded land and then enhancing it, protecting it or, in some cases, adding limited development for a net...
spaghetti bowl n.— «Second, it will highlight how the North American Free Trade Agreement is helping turn the world economy into a “spaghetti bowl” of discriminatory regional free trade areas which do not sit easily with the...
grocery-getter n.— «Entry-level cars must provide reasonable interior and ride comfort, have sufficient power, carry cargo and return good fuel economy. All five of this year’s entries address these needs. I have one quibble: if these are...
vomit comet n.— «A San Juan travel agent indelicately calls it the “vomit comet”—an allusion, I imagine, to the great number of babes in arms or inexperienced travelers aboard the planes. It was therefore with some misgiving that I...
shotgunning v.— «Recruiters and overworked personnel administrators advise against blindly sending resumes to companies. They recommend doing your homework to determine what you can offer the company. And find out exactly whom to contact...