high water mark n.— «Finally, most hedge funds have something called a high water mark. It requires hedge fund managers to make investors whole before they can start collecting their 20 percent of the profits—regardless of how long that...
suckers’ rally n.— «They raise the hopes of investors. They occur out of nowhere. They can be money-making opportunities. But they tend to be fleeting. These are the stock rallies that occur when the economic outlook is bleak, news...
bottom fisher n.— «Some of the new capital comes from what are called “bottom fishers”—investors who are willing to buy some of the dicey IOUs from banks at a healthy discount.» —“Is It Over?” by Irwin M...
money good adj.— «Although many of the assets and issuers backing these securities are solid, or “money good” in Wall Street parlance, the mechanics of the auction-rate securities market as well as the continuing credit squeeze give...
soft-second n.— «As another example, borrowers could be required to share with the government or with the holder of the borrower’s existing mortgage either the equity created through a write-down or the future appreciation in the home...
break the buck v. phr.— «He thinks it’s unlikely the companies running money market funds would allow them to “break the buck,” as it’s known in Wall Street parlance even if the funds lost money on SIV-related investments. The...