break the buck v. phr.— «He thinks it’s unlikely the companies running money market funds would allow them to “break the buck,” as it’s known in Wall Street parlance even if the funds lost money on SIV-related investments. The...
panelizing n.— «Volunteers gave up an entire weekend last April for the “blitz build.” The frame of the house, which was built last winter inside a large warehouse, was moved to the site for this event. Volunteers then put the walls and...
IBGYBG n.— «On Wall Street, a new phrase was invented only a few years ago: IBGYBG. I’ll be gone, you’ll be gone, so let’s do the deal and let the suckers pay for it. Now consumers are suckered into no-income second mortgages (:hey they...
elephant hunting n.— «One strategy particularly at risk is “elephant hunting,” as it is known on Wall Street, or the megabuyout of large publicly traded companies worth tens of billions of dollars.» —“Buyout firms adjust for less...
ragging n.— «The walls are a subtle rose color done with a technique called ragging, in which paint is applied with a rag rather than a brush. The color matches the border of the Art Deco rug.» —“Two Country Houses and One Romance...
hitterish adj.— «“How many years did you hear that a lefty could never win at Fenway? It’s not true.” In July and August, when the air is conducive to what the late Ned Martin referred to as hitterish weather, the wind blows from...