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logbook lending

logbook lending  n.— «Increasing numbers of borrowers with bad credit records are resorting to taking out loans with exorbitantly high interest against the value of their cars, according to debt counselling charities. The practice, known...

Break a Leg

A Brazilian has been researching why actors use the unlikely expression “break a leg” to wish each other well before going on stage. He suspects it’s a borrowing of a German phrase that means, “May you break your neck and...

Internet hobo

Internet hobo  n.— «I had put off getting my own Internet connection. Having recently moved into a new apartment, I had been “borrowing” a connection unbeknownst to one of my neighbours in the meantime.…It was at that...

huacha

huacha  n.— Note: “Huacha” seems to be a Mexican Spanish borrowing of the English word “washer,” referring to a small, flat ring of metal. «For more than 40 years, Garcia, 66, of Las Cruces, has practiced the skill...

BONCOB

BONCOB  n.— «As those pseudo-silk purses now unravel, a new acronym has joined the financial argot: BONCOB, pronounced Bon-cob, according to debt traders. Translation (have the children leave the room now): “Bugger off, no chance of...

gearing

gearing  n.— «The managers have an incentive to take too much risk in order to deliver the excess return. One method is to borrow from the banks, in the expectation that the return on the new assets will be higher than the rate of interest...