exploding ARM n.— «The man Bob Woodward called “Maestro” actually advised Americans to shun fixed-rate loans for adjustable-rate mortgages. Dubbed “exploding ARMs” to describe the impact of upwardly adjusting...
plastic pony n.— «An increasing number of punters are turning to football and other sports, but the fastest growth area has been in fixed-odds virtual games, from touch-screen roulette slot machines to computer-generated horse races—known...