January effect n.— «Fundis in behavioral finance have put forward a number of reasons why the first month on the Christian calendar year is invariably bountiful in terms of stock market returns. In the United States, they use the term...
liar’s loan n.— «Over half of subprime mortgages are stated-income loans, loans which the industry often refers to as “liars loans.” The question is, who’s lying? According to a survey of over 2,000 mortgage brokers, 43% of...
finsurance n.— «Insurance companies are fighting for share of a market that totals more than 77 million Americans. Yes, boomers and others will likely invest a portion of their nest eggs in what Milevsky refers to as...
greenshoe n.— «The “finding out” starts today when Finance Minister Nick Minchin tells us how many shares the Government has sold and at what price. Broadly he will tell us the Government has sold at least 4 billion...
prebate n.— «The state has sent 53 property tax refund checks—known in the parlance of education finance as “prebate checks”—of more than $10,000.» —“Gov. offers property tax plan; speaker says it lacks...
take a haircut v. phr. (in finance) to accept a valuation or return that is less than optimal, especially to partially forgive a debt. Editorial Note: A related term is take a bath, meaning “to suffer substantial or complete loss (of an...