When investing or trading stocks, the last thing you want is to take a bath — or, for that matter, a haircut. The first of these refers to getting cleaned out of money. The second is an allusion to being left with as little as two bits, or 25 cents...
algo n.— «Powerful algorithms—“algos,” in industry parlance—execute millions of orders a second and scan dozens of public and private marketplaces simultaneously. They can spot trends before other investors can blink, changing orders and...
FAKO n.— «Non-FICO credit scores are sometimes dimissively referred to as “FAKO” scores.» —“10 things you must know about credit reports and credit scores” by Jeremy M. Simon CreditCards.com Apr. 20...
floorplanning n.— «The move is intended to stimulate small business and consumer lending, which has dried up in the wake of the credit crisis. Most dealers finance their inventory—a process called floorplanning—through automakers or banks...
wirehouse n.— «Recruiters said although there has been a spike this year in disenfranchised advisers going independent, the vast majority of those on the move simply go to another “wirehouse”—a term used to describe large...
checkbook charity n.— «During good times, our donors have set aside significant charitable dollars, and now are able to tap those funds when they are needed most.…It demonstrates how donor advised funds can help people go beyond...
