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...
bean shoot n.— «Only a few weeks shy of parole in 1995, Andre found himself confined to a cell with walls the color of Pepto-Bismol. He received his meals through a slit in the door known in prison parlance as a “bean shoot”;...
Stephen Girard job n.— «Years ago in Philadelphia they had what was known as a Stephen Girard job. During some previous hard times this philanthropist fenced in vacant ground, and anyone in need came in, carried bricks from one side to...
free-casing n.— «Torack was arrested by an off-duty police officer who was working as a security guard for the scrap metal yard. Torack suggested it was an example of “free-casing.” The term borrows from the drug vernacular—freebasing—and...
get bagged v. phr.— «Rarely do teams have “bag skates,” or “get bagged,” at this time of year because of the crush of the schedule.» —“Fact Check: “Bag Skate”; Hockey 101 For The Fan” St...
bag skate n.— «A legendary sign of trouble when players arrive for practice is that there are no pucks out. That means it’s a “bag skate,” a vigorous, sprint-heavy, all-skating workout that is often punishment. The exact...