side-pocket

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)

Leave a comment

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

Further reading

Punny Names From 1916

In 1916, a small-town newspaper in Pennsylvania printed a fanciful item about a local gathering with a guest list that included, among others, Miss Ella Vader, Mr. Ray Zor, and other punny names. This is part of a complete episode. Transcript of...

This Baby Can Turn on a Dime and Get Nine Cents Back

The expression to turn on a dime means “to change quickly.” Early on the phrase referred to horses or horse-drawn vehicles and later to motorized ones, and suggested the idea of changing direction quickly and easily without needing a large turning...

Recent posts