Gripple n.—Gloss: a Wall Street term for Google, Research in Motion, and Apple together. «Gripple is Wall Street argot for Google, Research in Motion and Apple. The concept is they are really one stock, interchangeable as to valuation and...
metal play n.— «In industry parlance, the plane deals are called “metal plays.” After 9/11, when airlines started returning planes to creditors or demanding substantially lower lease rates, a few hedge funds saw an...
swimmer n.— «In Australia, Russian and Chinese swimmers were second and third in the medals table, at the time of writing—a marked improvement on last year. These countries are also producing more “swimmers” in capital markets, where it...
take a haircut v. phr. (in finance) to accept a valuation or return that is less than optimal, especially to partially forgive a debt. Editorial Note: A related term is take a bath, meaning “to suffer substantial or complete loss (of an...