waterfall structure n.— «A single trust might be further sliced and diced to create different derivative securities, each one subordinated to the next in terms of the claim on cash flow. In the event of a default, the highest-rated—and...
charreada n.— «A growing number of middle-class Mexican-Americans spend lazy summer afternoons at the charreada—part rodeo, part fiesta and one of Mexico’s most revered sporting events, dating to the 17th century.…At family-owned...
booth turnaround n.— «One of their ideas was a lockdown procedure commonly called “booth turnaround.” In the event of a child going missing, personnel secure the entrance and exit points and do not allow patrons to leave until...
cooler n.— «To win a multi-day tournament, a player must be able to overcome the inevitable bad beat or “cooler,” which is defined as a great hand that just runs into a better hand (for example K-K vs. A-A). The way players respond to...
violin hickey n.— «Also visible, up close, is the distinct dark red mark on New’s neck that makes some strangers stare or whisper. But don’t blame her husband, principal trombonist John McPherson. He’s great with his lips, but New’s love...
off-ramp n.— «Authors of the initiative recognized the flaw and, during the campaign to pass the measure, agreed to make improvements if it passed. After it passed, Xcel Energy and the initiative backers worked with state legislators to...