March effect n.— «The move to garner more deposits by offering up to double-digit rates this month is primarily because it is the end of this financial year when banks try to meet their annual fund targets. This, the industry calls the...
red face clause n.— «The terms of the irrevocable undertakings indicate they are not set in concrete. One of them could be broken by a competing bid just 5% higher than Implats’ 55p offer through the provisions of what is known as a...
pay-for n.— «The Democrats’ new pay-as-you-go budget regimen means that lawmakers who want to spend more on one program have to either cut another or raise taxes to pay for it. Similarly, if they want to cut taxes, they must fund the cut...
balance the baskets v. phr.— «Alderman at-large Paul Denaro said the accepted practice over the years has been not to fund line items properly, but to make estimates based on the previous year’s budget and then adjust the accounts as...
self-licking ice cream cone n.— «By repeating Red Team victories from one Unified Command or agency to another without trying to fix the problem(s) creates a “self-licking ice cream cone” for the IO community, that is, an...
499 mail n.— «Voters in the 8th Congressional District are getting thousands of pieces of official mail in the weeks leading up to the election from Dave Reichert’s Congressional office. The mail is “franked,” meaning Reichert...