stapled financing
n.— «Stapled financing is a relatively new phenomenon in both the U.S. and Europe that presents its own unique set of conflicts. In such a financing transaction the investment bank running the auction of a business also offers a financing package for the buyer of the business being sold. In other words, as part of the auction, a pre-baked financing package is “stapled” to the target company and sanctioned by the seller.» —“Successfully Managing Private Equity Conflicts Of Interest” by Stuart Mills in Bank of America CapitalEyes Aug., 2004. (source: Double-Tongued Dictionary)
Bottled Sunshine (episode #1512) 11/19/2018: If you catch your blue jeans on a nail, you may find yourself with a winklehawk. This term, adapted into English from Dutch, means "an... [more]- Care Package (episode #1511) 11/12/2018: Sending someone a care package shows you care, of course. But the first care packages were boxes of food and personal items for survivors of... [more]
Ding-Ding Man (episode #1509) 10/29/2018: In 1803, a shy British pharmacist wrote a pamphlet that made him a reluctant celebrity. The reason? He proposed a revolutionary new system for classifying... [more]
Take Tea for the Fever (episode #1508) 10/22/2018: Silence comes in many forms. Writer Paul Goodman says there is, for example, the noisy silence of "resentment and self-recrimination," and the helpful, participatory silence... [more]
Sundog (episode #1507) 10/15/2018: A clever pun can make the difference between a so-so phrase and a memorable one. The phrase "the last straw" refers to an old fable... [more]
You must log in to post a comment.