regrat v.— «Grantor-retained annuity trusts, or GRATs, let a person avoid a gift tax when giving money earned on hedge funds, private equity, real estate, stocks and other assets. […] Market shocks that started last year threaten...
double cropping n.— «Sardi said the Edcon deal, which was concluded last year when Bain bought the retailer for R25bn, remained SA’s biggest private equity transaction. But, said Sardi, the debt on the Edcon deal was trading at a...
springboard injunction n.— «In this case, the judge granted what is called a “springboard” injunction. The idea of a springboard injunction is to prevent employees taking advantage of previous breaches of contract. In this...
zombie n.— «Investments which last for much longer than the five-year standard nowadays often go one of two ways: either the company is killed off by the weight of its borrowings or it becomes what is known as a “zombie”—a business that...
soft-second n.— «As another example, borrowers could be required to share with the government or with the holder of the borrower’s existing mortgage either the equity created through a write-down or the future appreciation in the home...
dry powder n.—Gloss: a (venture capital) company’s unspent investment funds. «Then there are the private equity and VCs looking to put some of their “dry powder” to use (which is how nearly every VC I’ve talked to has...