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bedwetter

bedwetter  n.— «A member of Congress once told me that Representatives who consider changing their votes based on only a dozen or so phone calls from constituents are referred to as “bedwetters” by the other members of Congress...

Honkers and Shankers

Honkers and Shankers  n.— «HSBC shares are one of the largest components of the FTSE 100 Index. In traditional City jargon the bank is known as “Honkers and Shankers.”» —“est Employer to Work for Award” by...

tarp

tarp  v.— Note: From TARP, the Troubled Assets Relief Program, intended to aid American financial institutions in jeopardy. «Bank of America has been “tarped” (a new verb), like AIG, but not as much. Only $45 billion was handed...

bank walkaway

bank walkaway  n.— «Banks are quietly declining to take possession of properties at the end of the foreclosure process, most often because the cost of the ordeal—from legal fees to maintenance—exceeds the diminishing value of the real...

raycation

raycation  n.— «We’ve grown used to the word “staycation” but what about a “raycation”? That’s the term Huntingdon County is looking to bank on. The term was coined by the county’s visitors bureau. The county’s...

Fbar

Fbar  n.— «Under the plan, according to the person briefed on the issue, the I.R.S. will cut an onerous penalty for not filing a Report of Foreign Bank and Financial Account, known as an Fbar—something offshore tax evaders have not done...