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
So many books and so little time—it’s a challenge to choose what to read next! It helps to remember that so-called “reading mortality” is a fact of life—you’ll never get to them all, but you can curate your own to-read list...
While reading Great Expectations (Bookshop|Amazon) by Charles Dickens, a listener in Arlington, Texas, is surprised when one of the characters inherits some money, which Dickens describes as a cool four thousand. Were they really using cool that way...