Your resource for understanding the jargon used in American business
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|Are you sometimes confused by terms like:
Acid test, bear hug, CLM, cash cow, mushroom job, turkey trot, round file, mcjob, poison pill, SNAFU or painting the tape?*
Our dictionary can help! Over 2,500 terms, phrases, and acronyms defined with examples. Search alphabetically or with the Google Search below.
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Recent Business Jargon:
HELOC. Home Equity Line of Credit
SWF. Sovereign Wealth Fund
"upside down." In mortgage markets, a situation where borrowers owe more than what their home is currently worth.
"open the kimono." When companies reveal their financial condition.
"yield to worst." A callable bond's yield to the call date.
"jingle mail." Banks receiving mail containing the keys to houses that borrowers are defaulting on.
*Acid test is a financial test of solvency comparing a firm's liquid assets and liabilities. A bear hug is the rescue of a company from a hostile takeover. CLM is a career-limiting move. A cash cow is a business in a slow growth market that generates surplus revenue. A mushroom job is efforts to deceive others. Turkey trot refers to the shuffling of ineffective employees from one department to another. A round file is a waste basket. A mcjob is any low-level, distasteful job. A poison pill is a financial maneuver to avoid being taken over by another firm. SNAFU refers to Situation Normal, All Fouled Up. Painting the tape is an illegal stock market tactic of dividing a large order into many small orders to give the appearance of purchases by many buyers.
Links Encyclopedia of American Business Project WelcometotheEncyclopediaofAmericanBu.htm
Directions for authors Directions.htm
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Topics for second edition TopicsforSecondeditionofEncyclopedia.htm
three sample entries threesampleentries.htm