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...
bulking n.— «As many as 40 of SA’s biggest retirement fund administrators may have illicitly earned interest income on the assets they control, the Financial Services Board told Parliament’s Finance Committee yesterday at a hearing...
mezzanine finance n.— «The group provides what is called mezzanine finance (or mezz in finance industry parlance), a mixture of debt and equity. It earns high interest on the debt part and gets an option on an equity stake which it can...
mezz n.— «The group provides what is called mezzanine finance (or mezz in finance industry parlance), a mixture of debt and equity. It earns high interest on the debt part and gets an option on an equity stake which it can cash in when...