market for lemons n.— Note: Coined by George Akerlof, who won a Nobel Prize in Economics for the paper he wrote that popularized the term. «Indeed, it would seem that a “market for lemons” is rapidly developing in credit...
Londongrad n.— «The world remains in love with all things English, not least of all London, affectionately known as “Londongrad” by our Russian admirers.» —“London property market: London eye” by Lulu...
insiderization n.— «In 1982, Kenichi Ohmae wrote The Mind of the Strategist. He came with his signature buzzword called “insiderization.”…Ohmae, who, according to the Financial Times is Japan’s only management guru, describes...
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...
prairie whale n.—Gloss: a hog. Note: So-called because its fat can be used for things usually done with ambergris. «By the 1840s, whale oil’s dominance in lighting was under sustained attack. Lard oil, boiled from the fat of hogs, or...
staircasing n.— «Pye will be able to increase her share in her home after a year, buying chunks of 5% or more—a process known as staircasing—at the prevailing market price.» —“A problem shared is a problem solved” by...