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upside down

upside down  adj.— «A growing number of motorists now find they owe more on their car loans than the vehicles are worth. The phenomenon, known as being “upside down” on a loan, reflects changes in the ways Americans buy and...

Fanron

Fanron  n.— «It is with no overt sense of hyperbole or irony that Bill Fleckenstein from Fleckenstein Capital has taken to calling Fannie Mae (NYSE: FNM) “Fanron.” Case in point: yesterday’s disclosure that its primary...

leg

leg  n.— «For those that still have all their marbles a “leg” is any soldier who isn’t Airborne. As opposed to the soldiers who work in finance and personel, who I like to refer to as “chairborne”).» —“When I...

clawback

clawback  n.— «While the dual eligibles in 2006 will qualify for federal Medicare drug benefits, states won’t get to keep all of the savings from dropping the indigent seniors from state-financed Medicaid drug plans. Instead, states will...

grantepreneur

grantepreneur  n.— «Higher taxes needed to finance such action lead to growth of the tax avoidance industry and to the phenomenon of the grantepreneur and the rent-seeking society.» —by Dermot McAleese in Trinity College...

waps

waps  n.pl.— «A preliminary hearing into her sexual discrimination case against the international finance giant heard that senior colleague Nathaniel Norgren indeed congratulated her on her waps—British slang for breasts—at an office...

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