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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...

paraplanner

paraplanner  n.— «Under the Australian model the financial planner still meets with the client and assesses their needs, but the actual plan is produced by the paraplanner in the back-office.» —“Paraplanners bolster advice...

nipping

nipping  n.— «Players are often extraordinarily generous, buying drinks and not merely to make opponents drunk. They are big on “nipping,” and this is no racist slur on the oriental client base: it is poker parlance for lending...

disloyalty fee

disloyalty fee n. money charged by a bank to a client for using an automated teller machine that does not belong to the bank’s network. Editorial Note: Originally a British term, disloyalty fee now also appears in Australia,  New Zealand, and...

social cleansing

social cleansing  n.— «Noam Chomsky argues that “Mumia’s case is symbolic of something much broader…The US prison system is simply class and race war…Mumia and other prisoners are the kind of people that get assassinated...

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