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REO

REO  n.— «R.E.O. is industry lingo for “Real Estate Owned,” the term that bankers assign to homes they have taken in a foreclosure. Reomac is the industry group that serves the mortgage default trade, specializing in selling the busted-up...

cash for keys

cash for keys  n.— «The celebration started early Saturday, with poolside music and drinks, as partygoers passed around business cards and compared notes on successful techniques for evicting residents who try to stay in bank-owned...

19th hole

19th hole  n.— Note: A customary name for a bar that caters to golfers or for a round of drinking after a golf match. «The convention at the Desert Springs J. W. Marriott formally began on Sunday, with a golf tournament, featuring a “19th...

non’trée

non’trée  n.— «Bay Area waiters have a nickname for many of their customers these days: the non’trée. Non’trée (pronounced “non-tray”) refers to the folks who order appetizers rather than a pricier entree—a popular practice in...

zapper

zapper  n.— «Thanks to a software program called a zapper, even technologically illiterate restaurant and store owners can siphon cash from computer cash registers and cheat tax officials.» —“With Software, Till Tampering Is Hard to...

chop

chop  v.— «Hawkins led for a large part of Sunday’s final portion, and started talk of splitting the pot early and everyone going home (“chopping,” in poker parlance). Then he lost a couple of hands. (Personally, I think he was...