social dumping n.— «A further risk is that disgruntled incumbent suppliers might retaliate by introducing some form of poison pill such as a special bonus payment—a hit that the new supplier will have to take. They have also been known to carry out...
old and cold rule n.— «If you plan to use the vacation home as the relinquished property, do not use it personally for at least two years, and two tax returns. The IRS has adopted what is known as the “old and cold” rule. If you engage in a...
scratch and dent mortgage n.— «Founded in 1996, New York-based C-Bass specializes in investing in distressed home mortgage loans. Also known as “scratch and dent” mortgages, these are loans that were either not documented properly or on which...
fetcher bill n.— «politicians routinely submit legislative bills that would take money from various persons or groups, and then withdraw them once (constitutionally protected) payments are made. These bills go by different names. In California they...
jingle mail n.— «I have heard about isolated cases of “jingle mail,” where homeowners have mailed in the keys because they can’t make the payments and no longer have any equity in their homes. That phrase was a prominent feature of the S&L bust and...
Costanza wallet n.— «Eliminating the need for a George Costanza wallet bursting with credit cards, the Boca Raton, Fla.-based vendor’s virtual payment system instead consolidates all that plastic into users’ Bluetooth-enabled mobile phones.» —“500...
