Money & Finance Slang, Jargon, and New Words from Double-Tongued Dictionary

Citations in the Category Money & Finance

Personal finance, insurance, financial markets, investments, banking, checking accounts, loans, mortgages, stocks, bonds, Wall Street, trading, hedge funds, money markets, exchange rates, mutal funds. You can also see entries assigned to this category.

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toxic waste n. Basis Capital had assets worth $1 billion as recently as May, before reporting that its Aust-Rim Fund and Yield Fund lost 9 percent and 14 percent, respectively, in June. The funds ran into trouble by investing in the unrated, riskiest portions of collateralized debt obligations. These portions, often referred to as “toxic waste” by bankers, are first in line for any losses when borrowers miss mortgage payments. [English Money & Finance Slang] [full cite] (Jul. 25, 2007)

trade for eights v. phr. That was around the time the SEC brought charges against the brokers for the practice—called “trading for eights,” or flipping. But when the flipping case came to trial, the NYSE didn’t testify in the traders’ defense. [English Money & Finance Slang] [full cite] (Oct. 19, 2006)

transactional lobbying n. Mr. Wilkes had set up separate meetings with the lawmakers hoping to win a government contract, and he planned to punctuate each pitch with a campaign donation. But his hometown congressman, Representative Bill Lowery of San Diego, a Republican, told him that presenting the checks during the sessions was not how things were done, Mr. Wilkes recalled. Instead, Mr. Wilkes said, Mr. Lowery taught him the right way to do it: hand over the envelope in the hallway outside the suite, at least a few feet away. That was the beginning of a career built on what Mr. Wilkes calls “transactional lobbying,” which made him a rich man but also landed him in the middle of a criminal investigation. [English Government Money & Finance Politics Euphemism] [full cite] (Aug. 9, 2006)

trash ’n’ cash n. It is feared that short-sellers—investors who use falling share prices to make money—were deliberately spooking the market in order to profit from plunging stocks in a practice called trash ’n’ cash. [English Money & Finance Slang] [full cite] (Mar. 24, 2008)

trigger list n. So Barney did some digging and found out he was on something called a trigger list. It’s a list compiled by the credit bureaus, in this case, of people applying for home loans. “The credit bureaus are sort of sending out your information to third-party providers that are then selling that to competing lenders in your area.” [English Money & Finance Jargon] [full cite] (Apr. 30, 2006)

triple witching n. August individual equity options and some options on stock indexes stop trading at Friday’s close, which is commonly referred to as triple witching. [English Money & Finance] [full cite] (Aug. 20, 2004)

tumbe n. One woman, who asked to remain anonymous, organizes a Central American money pool, called a quota, in the Bronx and has had her apartment burglarized three times on collection day. There’s even a special word, tumbe, for a quota robbery. [ Language Spanish Subject Money & Finance] [full cite] (Nov. 27, 2005)

turn out v. phr. I’m having a heart-to-heart with a man most women would regard as the devil: a male who admits that he’s “turned out” straight girls (convinced them to become prostitutes).…"I can tell a whore because everyone’s a whore to me. I can turn anyone out. I believe you can change any woman’s conception of what she is.” [English Money & Finance] [full cite] (Jun. 24, 2005)

twisting n. This would be like canceling a life insurance policy that you have been paying premiums on for 70 years and exchanging it for a brand-new policy. An insurance agent or broker who persuades you to make this switch is guilty of the unethical practice called twisting. It is unethical because you will irretrievably lose some valuable benefits you have built up for years. [English Money & Finance Jargon] [full cite] (Jul. 29, 2006)

unbanked adj. About 60 percent of recent Latino immigrants are “unbanked,” an industry term meaning that they do not have a checking or savings account, according to the Federal Deposit Insurance Corp. The agency estimates that 10 percent of Americans don’t have bank accounts. Most are minorities, recent immigrants and people with low incomes. [English Money & Finance Jargon] [full cite] (Aug. 14, 2007)

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