toxic title n.— «When city officials try to hold someone responsible for dilapidated properties, they often find the homeowner and bank pointing fingers at each other. Indeed, the houses fall into a kind of legal limbo that Cleveland...
old and cold rule n.— «If you plan to use the vacation home as the relinquished property, do not use it personally for at least two years, and two tax returns. The IRS has adopted what is known as the “old and cold” rule. If...
dipsy-do n.—Gloss: another way of saying “an up and down (motion or change).” Note: The Dictionary of American Regional English has a similar term, “dipsy-doodle”, which is defined as dip in the road, or a “thank-you...
Katrina cottage n.— «The Federal Emergency Management Agency has approved more than $74 million for a state plan to build more than 400 alternative housing units, often known as Katrina cottages, for south Louisiana hurricane victims...
sink estate n.— «Today, as the dust settles on six years of building works, major changes are apparent. Milton Court has been a proving ground of a potent policy idea—the erasure and re-invention of council-run housing property. The...
golden ticket n.— «Their story highlights the troubles facing both foreign workers and island employers utilizing seasonal H-2B visas, which workers often refer to as “golden tickets” but require strict commitments long before it is...