take a haircut v. phr.— «To account for the fact that the shares cannot be sold, FBR uses an accounting technique known as a “liquidity discount,” or, in the jargon of Wall Street, “taking a haircut.” Back to your...
corporati n.pl.— «This elite was originally a landed aristocracy, but since the late 17th century it has increasingly been a capitalist elite—those who own the means of production. Today it is the corporati—the CEO’s, board members and...
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...
mezzanine finance 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...
envy ratio n.— «There is a lexicon of private equity doing the rounds. My copy bears the imprint of a big player in the field that I am assured is not involved. I will reproduce some entries over the next few days, such as E is for Envy...
spinster equity n.— «In approving the recapitalization plan, Cinram’s board said an equity raise, the degree of foreign ownership and the issuance of securities commonly referred to as “bachelor bonds” and “spinster...