Texas ratio
n.— «In banking, distress can be gauged by comparing the amounts of delinquent loans and other nonperforming assets on the books against capital and loan-loss reserves—a measure known in the industry as a “Texas ratio.” A reading above 100% indicates that a bank is in danger of failing, and one above 50% suggests that it requires a capital infusion.» —“Meet NY’s wobbliest banks” by Aaron Eistein Crain’s New York Business Feb. 28, 2009. (source: Double-Tongued Dictionary)
Further reading
What kind of book do people ask for most often in prison? Romance novels? No. The Bible? No. The most requested books by far are … dictionaries! A number of volunteer organizations gather and distribute used dictionaries to help inmates with...
Many of us struggled with the Old English poem “Beowulf” in high school. But what if you could actually hear “Beowulf” in the English of today? There’s a new translation by Maria Dahvana Headley that uses contemporary...