marked to myth adj.— «For example, a financial asset traded on multiple exchanges might be considered a Level 1 market. At the other end of the spectrum, “Level 3,” no ready market exists to value assets or liabilities. A reporting unit...
backhaul n.— «Research firm GeoResults measures the market for the wholesale transport of communications traffic, or “backhaul” as it is called, at $2.8 billion in 2007, and projects the market to grow to $15.3 billion by 2011...
haunter n.— «It started out innocently, as these things often do, with a few strings of pumpkin lights. Then I discovered the secondary market in anatomical displays. Medical-school skeletons with misaligned femurs don’t get sent to the...
Detroit Three n.— «Those structural problems include high labor costs and factory capacity designed for a larger market share. In July, the Detroit Three—a relatively new term used to describe GM, Ford and Chrysler collectively—saw their...
custody suite n.— «The City of London is looking for a number of Independent Custody Visitors to keep an eye on the conditions at the City’s two “custody suites,” as they are euphemistically known, at the police stations at...
tail risk n.— «“Tail risk,” as it is known to quantitative traders, for where it falls in a bell-shaped probability curve. Tail risk, broadly speaking, is whatever financial cataclysm is believed by markets to have a 1 percent chance or...