Home » Dictionary » circuit breaker

circuit breaker

circuit breaker n. a rule or law that puts protective measures in place once a certain level of financial activity has been reached; (specifically) a law that provides tax refunds once a maximum of property taxes have been paid; a rule that shuts down or limits trading action when a stock market’s value or activity changes more than a certain percentage. Editorial Note: In Australia and New Zealand an additional meaning of the term is used, given by the Macquarie Dictionary as “an event, activity, etc., which acts as a distraction from previous preoccupations and tensions.” (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Off the Turnip Truck (episode #1532)

It’s hard to imagine now, but there was a time when people disagreed over the best word to use when answering the phone. Alexander Graham Bell suggested answering with ahoy! but Thomas Edison was partial to hello! A fascinating new book about...

Mrs. Astor’s Horse (episode #1530)

“What has a head like a cat, feet like a cat, a tail like a cat, but isn’t a cat?” Answer: a kitten! A 1948 children’s joke book has lots of these to share with kids. Plus: an easy explanation for the difference between...