mark to myth n.— «Banking auditors are watching carefully to ensure bank valuations based on in-house mathematical models are not, in the phrase coined by Warren Buffett, “mark to myth.” In the backwash of the credit crisis, U...
untouring n.— «Having contacted a travel agency, we were informed that what we wanted would be exorbitantly expensive and would require a customized tour. Almost immediately, our thoughts of personal freedom disappeared. Then, the agent...
refarming n.— «The European Commission has decided to reallocate parts of the radio spectrum used for 2G services and use by 3G services. The process is known in telco-speak as “refarming,” and will, according to the...
valley of death n.— «Several speakers referred to the difficulty in getting an innovation from the idea stage to the commercial stage, a gap referred to as the “valley of death.” Andrew Dearing, secretary general of the European...
gold-plating n.— «And he warned against the practice known as “gold-plating,” whereby national rules are made more complicated than the original proposal from Brussels. “National regulators and governments must be...
futurescoping n.— «The commission warned if Nottingham is to be a significant European city in the coming decades it must start planning now. The process, known to some as “futurescoping” has begun. Two events have been held...