passporting
n.— «Some banks had been allowed to open branches in the UK through a process known as “passporting,” which meant they were not regulated by the FSA, explained Lord Davies.» —“UK ‘ignored Iceland bank warning’” by Brian Wheeler BBC News (United Kingdom) Oct. 10, 2008. (source: Double-Tongued Dictionary)
Further reading
Mike in Ukiah, California, grew up in the UK, where he often heard the expression to know your onions, meaning “to be knowledgeable about something.” He suspects the phrase is rhyming slang, but It’s most likely one of many...
The lovely Icelandic word for “ground fog,” dalalæða, comes from dalur, meaning “valley” and læða which is variously translated as “sneak up” or “female cat.” This is part of a complete episode.
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