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absentee lobbying

absentee lobbying  n.— «Dustin McDaniel’s bid to ban “absentee lobbying” raises a question: How often do lobbyists pay for lawmakers” food and drinks without attending the event? Many lawmakers and lobbyists say they’re...

kitchen sink-it

kitchen sink-it  v. phr.—Gloss: To report the worst financial performance possible. «In a note to clients yesterday, Credit Suisse analyst Thomas Gallagher said that although the number seems high, it is “plausible, especially if AIG...

floorplanning

floorplanning  n.— «The move is intended to stimulate small business and consumer lending, which has dried up in the wake of the credit crisis. Most dealers finance their inventory—a process called floorplanning—through automakers or banks...

Immense Relief

Uh-oh. Your credit card’s missing. As you frantically search for it, your mind fast-forwards through the bad things that could happen if it’s been stolen. Then, to your enormous relief, you find the card. Is there a specific word for the...

roll rate

roll rate  n.— «We’re in the late stages of the financial disaster of 2008, but another crisis looms: The consumer recession. According to the Wall Street Journal, more and more credit-card holders are falling behind on their payments and...

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