hog n.— «There are, however, a number of investors—for example, central banks and pension funds—that rely only on the rating agencies for their information. Thus they fail to act when the markets start moving, and are forced to act when...
say on pay n.— «Labor unions who own Apple shares through pension funds, have put up proposals that require options to be priced on the day they are granted to eliminate the practice known as backdating; that give investors a nonbinding...