Georgia ice cream n.— «Rogers merely shifted the ideas that worked at Toddle House, such as waffles with pecans, into the Waffle House concept. He always served lots of grits, which Rogers likes to call “Georgia ice cream...
high water mark n.— «Finally, most hedge funds have something called a high water mark. It requires hedge fund managers to make investors whole before they can start collecting their 20 percent of the profits—regardless of how long that...
scraper n.— «Without those ongoing improvement costs, a house runs the risk of being what the building industry calls a “scraper.” That’s a house with so much deferred maintenance that it’s cheaper to scrape it off the...
scratch and dent loan n.— «The “other” category includes…scratch and dent loans and resecuritizations.» —by Frank J. Fabozzi Handbook of Mortgage-Backed Securities Dec. 21, 2005. (source: Double-Tongued...
scratch and dent loan n. a loan or mortgage that has become a risky debt investment, especially one secured with minimal documentation or made by a borrower who has missed payments. (source: Double-Tongued Dictionary)
scratch and dent loan n.— «A company that invests in high-yield real estate debt is looking to buy loans that have been “kicked out” of commercial MBS deals. Midwest Equities of St. Louis has initially allotted $50 million for...