REO n.— «R.E.O. is industry lingo for “Real Estate Owned,” the term that bankers assign to homes they have taken in a foreclosure. Reomac is the industry group that serves the mortgage default trade, specializing in selling the busted-up...
trade n.— «One of the more troubling signs for a manufacturer or retailer is when its suppliers—the “trades,” in industry lingo—begin asking to be paid in advance.» —“Some G.M. Suppliers Said to Request Payments in...
high net n.— «The name of the game is to free up cash and tip $1 million—or $2 million in the case of married couples—into a tax-free super zone. “The “high nets” (industry lingo for high net worth individuals) are doing...