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dry powder

dry powder
 n.Gloss: Capital readily available for investment. «Capital available for secondary deals—what the industry calls dry powder—is about $12 to $15 billion, said Small, whose company manages some $4.2 billion of secondaries.» —“ANALYSIS-Caution key for buyers of cheap secondary buy-outs” by Douwe Miedema, Simon Meads in London, United Kingdom Forex Pros Nov. 24, 2008. (source: Double-Tongued Dictionary)

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