side-pocket
n.— «A hedge fund often invests into securities which are not quickly or easily converted into cash. Often this happens by way of a “side-pocket” where all illiquid securities are segregated.» —“United Kingdom: Hedge Funds And The Definition Challenge – Part 2″ by Thomas Bullman Mondaq (London, United Kingdom) July 28, 2008. (source: Double-Tongued Dictionary)
Further reading
Nikki in Charlotte, North Carolina, shares the story of a man who casually told passersby You dropped your pocket, prompting them to check for something that wasn’t there in the first place. That silly saying reminds her of playing pool and trying...
A flashlight doesn’t flash. It provides a steady beam of light. So why is it called a flashlight? The earliest versions lit up only briefly before the batteries gave out and required a recharge, so they were literally “flash lights...