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incept

incept  v.— «In prose that could only have been manufactured by the very finest drivel machine, the company boasts: “We have an outstanding track-record delivering successful government relations campaigns, incepting high-profile and high...

mailbox money

mailbox money  n.— «The recurring revenue SCR earns as a result of switching its clients to Mercury is what Milligan refers to as “mailbox money.” That is, once a client is switched over, SCR receives a monthly residual check...

skip

skip  n.— «If someone fails to appear for court, bondsmen have up to 60 days to produce their client or the bondsmen must pay the full amount of the bond. Bondsmen then have the authority to track down these “skips”—as they are...

mack

mack  n.— «Mr. Levine and his client were prisoners in California’s Lompoc Federal Correctional Complex. Like other federal inmates around the country, they found a can of mackerel—the “mack” in prison lingo—was the standard...

Index v. Indice (minicast)

A caller has client who uses what sounds like a strange, three-syllable word: indice. The caller knows that the plural of index is indices. But, he wonders…indice? And should he talk about it with his client?

wrap fee

wrap fee  n.— «It allows broker-dealers to charge fees based on assets under management (sometimes referred to as a “wrap fee”) rather than product commissions—just as the registered investment advisers do. If the client’s...