zirp
n.— «The United States is repeating a Japanese experiment with a zero in one of the most important variables in financial markets: the official overnight interest rate. The so-called zirp, an acronym for zero interest-rate policy, is combined with a nearly infinite quantity of government borrowing. The government is expected to try to stimulate the economy, which is well into what looks like a bad recession, with as much as $850 billion of new debt.» —“A Clever Move by Credit Suisse” by Rob Cox, Edward Hadas New York Times Dec. 18, 2008. (source: Double-Tongued Dictionary)
Further reading
Trivia time! Where in the United States can you visit Soda City? If you answered Columbia, South Carolina, you’re right! This nickname apparently derives from an old practice of abbreviating Columbia as Cola. The locals then referred to the town as...
If you speak a second or third language, you may remember the first time you dreamed in that new tongue. But does this milestone mean you’re actually fluent? And a couple’s dispute over the word regret: Say you wish you’d been able...