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...
Gulfie n.— «The war broke out at the peak of the tourist season, when tens of thousands of wealthy visitors from the Gulf were expected to enjoy high-spending holidays in Lebanon. Instead, those in the country at the time found themselves...
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...
agflation n.— «Look, we’ve already seen in the investment world the term “agflation” has now been coined, and that’s simply a result of this, and that inflationary impact of higher grains prices or higher agricultural...