narco-sub n.— «Packed with cocaine and grimly christened “coffins,” sleek jungle-built submarines are steaming their way north from Colombia through Pacific waters to deliver tonnes of illegal drugs headed for the U.S. market...
ghost inventory n.— «All of these empty homes waiting to go to market with no for sale signs in their yard are called ghost inventory. According to Bench, “These ghost inventory homes do not show up on the MLS yet and so almost...
ATM offering n.— «UAL registered earlier this month to sell as much as $200 million through a dribble. “We believe this program provides more flexibility” than a traditional follow-on, said United spokeswoman Jean Medina. The...
marked to make believe 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...
Quiz Guy John Chaneski SUBjects Martha and Grant to a SUBlime puzzle in which he SUBmits clues to words that contain the sequence of letters S-U-B. For example, “a stand-in for an absent teacher” would be a SUBstitute. Now try this one:...
kilowatt laundering n.— «Electricity sold by CEZ of the Czech Republic to Romania for 40 euros per MW was later resold by electricity traders in the Greek stock market for 80 euros to 90 per MW. The practice is known as ‘kilowatt...