Q-tip cruise n.—Gloss: a pleasure trip aboard a trip, taken mainly by senior citizens. Note: So named because they have white hair and resemble the white cotton ends of Q-tips. «It was in mid-September 2006, the final cruise of the season...
love money n.— «Investments by friends and family are often called “love money” because the basis for investment is apt to be affection for the entrepreneur rather than any sort of critical analysis.» —“Comparison of...
dry powder n.—Gloss: a (venture capital) company’s unspent investment funds. «Then there are the private equity and VCs looking to put some of their “dry powder” to use (which is how nearly every VC I’ve talked to has...
cram-down n.— «Paulson, run by former Bear Stearns (BSC) investment banker John Paulson, stands to rake in a windfall if the measure passes. The key bill, introduced last month, would allow federal judges to restructure mortgage terms and...
wonder bank n.—Gloss: an organization in Nigeria that falsely promises high returns on low investments, a trick similar to a pyramid scheme. «While not saying the wonder banks were out to dupe the people, the banker said what they...
wrap fee n.— «It allows broker-dealers to charge fees based on assets under management (sometimes referred to as a “wrap fee”) rather than product commissions—just as the registered investment advisers do. If the client’s...