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Texas ratio

Texas ratio  n.— «In banking, distress can be gauged by comparing the amounts of delinquent loans and other nonperforming assets on the books against capital and loan-loss reserves—a measure known in the industry as a “Texas ratio.” A...

gapping

gapping  n.— «The practice is called “gapping.” It’s when colleges offer students financial aid packages beneath what they need to attend—often driving them to other revenue sources like a private loan or, if they’re lucky, a...