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 allowed...
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 Deceivers,” said they...
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 at a time when Indian...
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 the...
presidential apartment n.— «With land prices skyrocketing in the city’s central business district (CBD), builders are concentrating on building large projects in the suburban or peripheral areas and are seen increasingly going in for top-end...