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jamming

jamming  n.— «The practice known as “slamming the wire” or “jamming” is not illegal but can upset the efficiency of the $600 billion-a-day U.S. government debt market, according to a report in the Financial Times on...

slamming

slamming  n.— «The practice known as “slamming the wire” or “jamming” is not illegal but can upset the efficiency of the $600 billion-a-day U.S. government debt market, according to a report in the Financial Times...

take a haircut

take a haircut v. phr. (in finance) to accept a valuation or return that is less than optimal, especially to partially forgive a debt. Editorial Note: A related term is take a bath, meaning “to suffer substantial or complete loss (of an...

max up

max up  v. phr.— «He said he was “maxed up” on all his credit cards. There was no shame in his voice. In fact there was a certain pride. He seemed to think it was pretty cool to be in debt; “live life to the max”...

birth tax

birth tax  n.— «He complained that everyone talks about the “death tax,” while he wants to do something about the “birth tax,” that is, the $156,000 that is each American’s share of the federal debt burden...

mezz

mezz  n.— «The group provides what is called mezzanine finance (or mezz in finance industry parlance), a mixture of debt and equity. It earns high interest on the debt part and gets an option on an equity stake which it can cash in when...

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