flake n.— «The term “flood” insurance parlance refers to damages caused by the “rising of navigable waters.” In the New York area, he says, most carriers issue a limit of $1 or $2 million, with more coverage being prohibitively expensive...
fix-it ticket n.— «Apparently, in most states, having one headlight out is not considered a moving violation (in some states it is legal to only have one headlight working), but referred to as a “fix-it ticket.” Meaning, the police...
silent second n.—Gloss: Someone who loans money to someone else in order to buy a home, usually to make them look like a good risk, without notifying the prime lender. «The holdback could be considered what is known as a silent second...
kill buyer n.— «The issue now is animal activists’ crusade to flush out what is known as “kill buyers” who purchase horses for transport to Texas and then Mexico where slaughter is legal.» —“Horses led to...
double cropping n.— «Sardi said the Edcon deal, which was concluded last year when Bain bought the retailer for R25bn, remained SA’s biggest private equity transaction. But, said Sardi, the debt on the Edcon deal was trading at a...
pian-a-thon n.—Gloss: a marathon session of piano-playing, usually as a celebration or fund-raiser. «Enthused by the Department of Music’s recent purchase of 32 Steinway pianos and its designation as an all-Steinway school, they’ll...