scratch and dent loan n. a loan or mortgage that has become a risky debt investment, especially one secured with minimal documentation or made by a borrower who has missed payments. (source: Double-Tongued Dictionary)
salt n.— «With that, Madrid became what’s called “a salt”: a union employee who infiltrates nonunion work sites. His work is part of a larger effort by New Orleans trade unions to combat what they call an underground cash-only...
high touch adj.— «Big Brother is banished from Mr. Naisbitt’s 1980’s. On the contrary, to use his key words, the decade will be decentralized and high-touch, participatory and networked, filled with multiple options in an information...
flight to cash n.— «With a full-scale banking crisis now in play, there followed the usual symptoms of such events—bank closures and insolvencies, a flight to “cash,” the creation of a “secondary market” in frozen...
flight to cash n.— «Last week, investors fled even the safest of all bond investments, the US treasury long bond, in a flight to cash.» —“Business: The Economy; Corporate bonds bomb” BBC News (United Kingdom) Oct...
househelp n.— «For instance, maquipus is a concubine or kept woman, from the root word ipus, “to attend to with care.” Today we use the term to refer to maids or househelps.» —“Tantingco: Kapampangan family terms” Sun...