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 American...
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 Advance” New York Times:...
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 it by hook or by crook,”...