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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...

checkbook charity

checkbook charity  n.— «During good times, our donors have set aside significant charitable dollars, and now are able to tap those funds when they are needed most.…It demonstrates how donor advised funds can help people go beyond...

back up the truck

back up the truck  v. phr.— «The safety of these securities caused financial firms to load upon on them (“back up the truck,” in Wall Street parlance). They were considered so safe that financial firms used borrowed funds to buy more, and...

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