wrap-around mortgage adj.— «Featured topics will be equity participation, the wrap-around mortgage, and the techniques of investment in income-producing property.» —“Mortgage Bankers Meeting to Be Held Here...
poison put n.— «In December 1995, following several quarters of weak sales, Kmart Corp. came on the brink of a bankruptcy filing: Their problems stemmed from the possible exercise of $550 million of poison put bonds outstanding, which...
liar’s loan n.— «You rarely hear anything about individual borrowers who tell little white lies, the ones who obtain so-called “liar loans,” but they’re just as prevalent, if not more so. A young New Jersey couple, “the...
brown pound n.— «The Shilpa show also highlighted the economic strength of Britain’s Asian community—not only as consumers but also as wealth creators. The strength of what is called the “brown pound” has become more important...
blank-check company n.— «One niche in which the company already leads are officially called a Special Purpose Acquisition Corporation (SPAC). In everyday parlance, they’re known as blank-check companies. What are those? Back in ancient...
leave money on the table v. phr.— «The ideal offering, investment bankers say, is one that rises to a small premium. A small price rise presumably gives the initial investors confidence in the company, and also confirms the sagacity of...