bad bank n.—Gloss: A government-run bank that intentionally takes on the bad debts and deals of another bank that is in financial jeopardy. «Emanuel Cleaver, a Democrat from Missouri, condemns the term “bad bank.” He says the term does...
jingle mail n.— «I have heard about isolated cases of “jingle mail,” where homeowners have mailed in the keys because they can’t make the payments and no longer have any equity in their homes. That phrase was a prominent...