When hiking off-trail, it’s important to keep an eye on where you’ve been as well as where you’re going. Otherwise, you run the risk of what experienced hikers call being “ledged out”, which means you’ve descended...
What’s the difference between the words insure and ensure? To ensure means to make certain. Insure means to protect someone or something from risk, and should be used exclusively in a financial sense. This is part of a complete episode.
stand and sue v. phr.— «There is no question that your managing director’s actions give employees a number of potential claims, not least of which is constructive and unfair dismissal—but are employees going to walk out of a job when...
wall-cross v.— «Wells Fargo wanted to be among one of the first banks to get to the market before fund managers and investors became overwhelmed by the supply of stock. Being first also carried the risk that the offering could be too big...
synthetic short n.— «At a time when traders would normally have shorted the stock as part of the trade, they’re instead bypassing the rising cost of doing so by assembling what are called “synthetic shorts.” In case you’re not familiar...
dark derivative n.— «In his testimony, Greenspan recommended to Congress that regulation of Over-The-Counter (OTC) derivatives between private parties was not necessary. These derivatives are referred to as “dark derivatives”...