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negative operating cycle

negative operating cycle  n.— «You can buy an iPod nano on Apple, Best Buy, etc. for about $149. Amazon sells it for $134. That’s probably cost price. It turns out that Amazon can sell almost everything at cost price and still make a...

quick-rinse

quick-rinse  n.— «Just what exactly is a “quick rinse” bankruptcy? Is it really a way to wash all that debt out of GM’s hair? Just take 30 days to untangle GM’s troubles? Coulter said he’d never even heard the term quick rinse until this...

double cropping

double cropping  n.— «Sardi said the Edcon deal, which was concluded last year when Bain bought the retailer for R25bn, remained SA’s biggest private equity transaction. But, said Sardi, the debt on the Edcon deal was trading at a...

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...

logbook lending

logbook lending  n.— «Increasing numbers of borrowers with bad credit records are resorting to taking out loans with exorbitantly high interest against the value of their cars, according to debt counselling charities. The practice, known...

zombie

zombie  n.— «Investments which last for much longer than the five-year standard nowadays often go one of two ways: either the company is killed off by the weight of its borrowings or it becomes what is known as a “zombie”—a business that...