Calcutta wager n.—Gloss: a form of gambling on a sporting event involving multiple contestants in which each contestant’s name is auctioned off to observers. At the end of the event, the high bidder for a winning contestant’s name...
tooth floater
n.— «The fee for an occupational license is as follows:…Tooth Floater $75.» —“Texas—Proposed—Racing Commission—16 TAC 311″ RegAlert Feb. 20, 2004. (source: Double-Tongued Dictionary)
buckraking n.— «All three contracted with the insurance lobby to give speeches to industry groups for large sums of money, a practice known as “buckraking.” Though the Washington Post reported in 2002 that NBC prohibited its...
Eric B and Rakim n.— «One of the more bizarre terms has to be Eric B and Rakim, which means a “zero balance fee note.” The phrase ironically comes from the rappers” hip-hop classic Paid in Full.» —“Revealed: how to...
wrap fee n.— «It allows broker-dealers to charge fees based on assets under management (sometimes referred to as a “wrap fee”) rather than product commissions—just as the registered investment advisers do. If the client’s...
jackup n.— «The company operates primarily in the shallow waters of the Gulf of Mexico. Gue points out that in the shallow Gulf waters, the most common type of drilling rig is what’s known as a jackup. These, he notes, consist of a...