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gearing n.— «The managers have an incentive to take too much risk in order to deliver the excess return. One method is to borrow from the banks, in the expectation that the return on the new assets will be higher than the rate of interest...
happy hello n.— «A new phrase is doing the rounds in the recruitment industry—the happy hello. The phrase has been coined for the joining bonuses that companies are offering to coax the best employees into their fold. Such incentives are...
feebate n.— «I also recommend what’s called a feebate. That means, for the least efficient old cars, we need to provide a tax incentive so that people trade them in for more efficient cars.» —“Hailing Gore a ‘committed visionary,’...
Great Barbecue n.— «The federal injunction to speed up the drilling on public lands is reminiscent of the federal government’s massive land giveaways to railway corporations as an incentive for building the Transcontinental Railway in the...