green box subsidy n.— «Dismissing the idea of so-called “green box subsidies” (WTO parlance for payments which are deemed not to affect world trade), Lord Radice called for a “robust stance,” where freedom of trade...
COLA n.— «The commissioners’ decision to give the employees a cost-of-living adjustment—a COLA in the parlance of the budget writers—was prompted by the improved revenue picture.» —“Calvert Includes Pay Raise In Budget” by...
price of carbon n.— «Even if options are available that are low cost and represent additional effort beyond the AEO base case, these options may have relatively little bearing on the price of carbon in a competitive environment. It is the...
price of carbon n. the going rate for petroleum-related pollution-emission rights or credits, which are traded on an international market. (source: Double-Tongued Dictionary)
deve n. a coerced payment; “protection” money. Editorial Note: Jocular reference to actual levies made by the government for growth and development. Etymological Note: development levy. (source: Double-Tongued Dictionary)
smile n.— «A reference to the common shape of a graph of at- or out-of-the-money put and call implied volatilities for options with a common expiration date. The name comes from the fact that the furthest out of the money options...