colonia n.— «The counties of South Texas are among the nation’s poorest, and their jumbled subdivisions, known as colonias, home to 400,000 Hispanic-Americans, can certainly look the part. Since the 1950s, developers have carved small...
cat bond n.— «His name was John Seo, he was 39 years old and he ran a hedge fund in Westport, Conn., whose chief purpose was to persuade investors to think about catastrophe in the same peculiar way that he did. He had invested nearly a...
tote-a-note v. phr.— «He and the majority of those at the dinner share the point of view of Bobby Richardson and Al Rowe, salesmen at two of the “tote-a-note” lots selling automobiles on easy terms along Victory Drive in...
flight to cash n. a sudden widespread selling of investments, or their rapid conversion from illiquid to liquid, in anticipation or belief of an unfavorable or unsafe market; a sudden widespread withdrawal of bank deposits. Editorial Note: A...
hopsicle n.— «New Adult Treat: Beer On A Stick Dubbed Hopsicle…Frank Morales, the restaurant owner, is selling the adults only frozen treats in flavors like “Raspbeer-y” and “Fudgesicle.” They cost $4 for the 6...
opco propco n.— «Until recently it was believed that the only way for a pub group to convert to Reit status would be to split into a property company and an operating company—a process known as “opco propco’—which could involve...