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Aspenize v. Now about 2,600 eked out a living in this town that was still true grit—no resorts and no pretensions. We liked the lack of tourist kitsch or miner chic. A little grim on this wet day—but real. Definitely not another Aspenized enclave. [EnglishMoney & FinanceUrban Planning & Zoning] [full cite] (Jul. 31, 2006)
asset bubble n. The reckless creation of money and easy credit has created imbalances affectionately known as asset bubbles. These asset bubbles are an alternate manifestation of inflation and the rise in gold’s price is a further signal to the market. [EnglishMoney & Finance] [full cite] (Mar. 30, 2006)
auto grat n. Ad grat, or auto grat, as it’s know in the biz, is a restaurant standard that means gratuity is automatically added to a check. Generally the gratuity is 18 percent, it’s added on the pre-taxed total for large parties (between six and eight or more) and the restaurant should note on their menu if they practice this policy. [EnglishFood & DrinkMoney & Finance] [full cite] (Sep. 14, 2006)
autograt n. While most restaurants already charge an automatic service fee for large parties, at least one restaurant began the practice of charging an automatic 20 percent gratuity, or “autograt,” as it is sometimes called, on every check. [EnglishMoney & Finance] [full cite] (Sep. 14, 2006)
autograt n. The only way to fairly and legally deal with autograt is to make it truly automatic and not up to a server’s discretion. If a server chooses to grat green people and not purple people, or short people and not tall people, the restaurant opens itself up to charges of discrimination and lawsuits. [EnglishFood & DrinkMoney & Finance] [full cite] (Sep. 14, 2006)
autograt n. An autograt is an automatic gratuity of usually 15 to 20 percent assessed to larger tables, usually of 6 people of more. an autograt affords the waiter the luxury of knowing his/her tip is a fait accompli. some diners tip on top of autograts. [EnglishFood & DrinkMoney & Finance] [full cite] (Sep. 14, 2006)
bachelor bond n. In approving the recapitalization plan, Cinram’s board said an equity raise, the degree of foreign ownership and the issuance of securities commonly referred to as “bachelor bonds” and “spinster equity” would all have to be addressed. [ LanguageEnglish SubjectMoney & Finance] [full cite] (Nov. 4, 2005)
back-porch money n. That’s not to say street money doesn’t cause problems. For one thing, by the time it reaches ward leaders, it is cash. While some ward leaders are assiduous about keeping receipts and filing the necessary public reports, others aren’t. Indeed, some ward leaders have—surprise!—skimmed money before it reached the street. There is even a name for this, “back-porch money”—not enough to build a house, but enough to get yourself a nice new porch. [EnglishMoney & FinancePoliticsJargon] [full cite] (Apr. 22, 2008)