get one’s bait back v. phr.— «Bain and its co-investors extracted special payments of over $100 million from each company, enabling Bain to make a healthy profit even before re-selling the businesses—a practice known as “getting back your bait.”...
metal play n.— «In industry parlance, the plane deals are called “metal plays.” After 9/11, when airlines started returning planes to creditors or demanding substantially lower lease rates, a few hedge funds saw an opportunity, but it involved a...
Mapril n.— «Thomson Financial’s Jharonne Martis warned investors not to take the month’s results to heart, urging them instead to combine March and April—what some analysts call “Mapril”—for a clearer picture of how consumers are spending.» —“April...
have hair v. phr.— «The assets that bid include both nonperforming subprime and performing mortgages that Mr. Roth says “have hair on them.” (A loan that has “hair” has been kicked out because of underwriting or guideline problems.)» —“Buybacks...
have hair on them v. phr.— «Mountain Funding, for example, has responded to increased competition by seeking investments “with some degree of hair on them,” Nevid says. The company has found less competition in land development and construction...
cliff risk n.— «In the credit derivatives market, certain instruments are exposed to what is known as “cliff risk.” This ominous sounding phrase describes a situation where the last in a series of adverse developments obliterates the value of what...