smoothing n.— «Another employer victory was this: Congress made it clear that companies can meet the funding target by measuring assets over the past 24 months. This technique, known as “smoothing,” reduces the impact of this...
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...
play pump n.— «Two men in South Africa recognized that the average woman in rural Africa has to walk three miles to get clean water. And they created something called “play pumps,” which is a hydraulic system, in which they...
funding cliff n.— «Naturally, however, there’s a budget sleight-of-hand. Known as a “funding cliff,” the yearly Schip layout increases to $13.9 billion in 2011, then abruptly cuts spending by 65% below current funding levels...
ambulance-chasing n.— «Ambulance-chasing?…Some say that the division has become an “ambulance-chaser,” pursuing funding opportunities regardless of their relevance to the core work of the division.» —“Ecology takes...
ambulance-chasing n. in science, doing research to achieve fame or to secure funding. Editorial Note: This is, of course, a variation on the “ambulance-chasing” most-often associated with lawyers. Both meanings might be generally defined...