blitz n.— «Shawn comes to Wall Street to play a type of chess called blitz, a game in which the ticking of a three-minute clock eliminates the ponderous pauses of traditional chess and transforms the game into a fevered, trash-talking...
butt boy n.— «Wall headed back into the fold of a local rap institution, Swishahouse. The label, run by screwed-and-chopped phenom Michael “5000” Watts, had previously employed Wall as a promoter/butt boy.» —“Ice Work If You Can Get...
backpack mail n.— «The dispute started last summer when Gabriel and Joshua Rakoski, twins who attend Hollymead Elementary School, sought permission to distribute fliers about their church’s Vacation Bible School to their peers via...
leave (something) on the table v. phr.— «In recent years the biggest fortunes Wall Street has handed out have gone to enterprising merchants rather than to software stars on gene-splicing geniuses. Look outside the top ten and you will...
take a haircut v. phr.— «When securities are used, the brokerage firm take a “haircut” on their value. This means that, for capital purposes, they are valued at somewhat less than their market prices. How much less is up to...
take a haircut v. phr.— «To account for the fact that the shares cannot be sold, FBR uses an accounting technique known as a “liquidity discount,” or, in the jargon of Wall Street, “taking a haircut.” Back to your...