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bed-and-breakfasting n.— «Another tactic, if an investor thinks a company is fundamentally sound but wants to crystallise the loss, is to sell in June and buy the same stock back in July, a practice known as bed-and-breakfasting and...
India-no-place n.— «Author Kurt Vonnegut called his hometown Indianapolis a cemetery with lights that came to life once a year for the Indianapolis 500. Frustrated by lack of night life, some residents termed it “India-no-place...
carousel fraud n.— «The money is being lost to a swindle described officially as missing trader intra-community fraud, but known to criminals as carousel fraud. It involves bogus companies being set up to trade goods between each other...
jock tax n.— «It all started after the Chicago Bulls beat the Los Angeles Lakers in the 1991 NBA Finals. California decided to extend its state income tax to Bulls star Michael Jordan and his teammates. The next year, Illinois came back...
boxcar bill n.— «Often members of both parties’ leadership introduce what’s called “boxcar” bills—bills with general titles, like “tax changes”—that contain no text. They are introduced just in case, at the end of...
wheel tax n.— «The money for the dust control came from the local option highway users tax, commonly known as the “wheel tax.”» —“A Look Ahead” Journal and Courier (Lafayette, Ind.) Dec. 28, 2005...