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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...

Maverick and Gobbledygook (minicast)

We hear the word maverick a lot lately, but where did this term for a stubborn nonconformist come from? Martha tells the story of the Texas politician who inspired the word, and whose grandson apparently coined another familiar English word...

thin file

thin file  n.— «Even if you have not used credit much and therefore don’t have an extensive credit history, known in banking as a “thin file,” you could still qualify for a home mortgage.» —“KeyBank Plus Offers a Pathway to...

walk on a bank

walk on a bank  n.— «More likely than the kind of exodus of depositors that quickly sank IndyMac is what some bankers call a slow-motion “walk on the bank” which could cripple financial institutions already weakened by credit...

sweatbox

sweatbox  n.— «What will happen when they do have to pay it back includes nonstop calls to them and their parents. Credit card collection agencies know how to harass, threaten and then sweet-talk cardholders who are late. They even have a...

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