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waterfall structure

waterfall structure  n.— «A single trust might be further sliced and diced to create different derivative securities, each one subordinated to the next in terms of the claim on cash flow. In the event of a default, the highest-rated—and...

flow

flow  n.— «These days, Mr. Macintosh is on “flow” from Etnies, meaning he receives shoes for free, in an informal sponsorship that is one of the ways companies support and nurture skateboarders, and, yes, advertise their brand...

hole doping

hole doping  n.— «In the insulating “parent” materials from which high-temperature superconductors arise, which are typically made of materials containing copper and oxygen, each copper atom has one “free” electron...

cargo cult economics

cargo cult economics  n.— «With a new year ahead, what do we see as our future? How much of our growth and progress is real, and how much is what I call “Cargo Cult Economics,” where we end up holding sacks of straw? At the end...

segue bar

segue bar  n.— «At Morandi, where the chef, Jody Williams, presides over a menu laced with plenty of smaller dishes mixed with showy platters of branzino or steak for two, the computer system has been redesigned to include something called...

scrim

scrim  n.— «“Scrims” were a new word to me. They are shallow areas of gently flowing water (the water comes out from one side and drains at the opposite side). These are only about 1/8-inch deep, shallower than the sole of a shoe. Besides...

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