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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wrap-around mortgage adj. Featured topics will be equity participation, the wrap-around mortgage, and the techniques of investment in income-producing property. [English Money & Finance] [full cite] (Mar. 28, 2007)

yard n. In broker speak, a bank might ask for a “yard”—one billion in a designated currency. [English Money & Finance Slang] [full cite] (Apr. 20, 2008)

yellow bird n. For another, ward leaders have been known to take street money from candidates, promise support and then not deliver. There is a name for this, too. These ward leaders are called “yellow birds,” after the old airline commercial that touted vacation flights to Florida. They take your money and metaphorically (and sometimes literally) head south. [English Money & Finance Politics Jargon] [full cite] (Apr. 22, 2008)

yo-yo financing n. The consumer signed a financing contract with the dealer without fully understanding the terms, or the contract was incomplete or not in writing. The customer assumes the credit deal is finalized and the car is theirs. The auto dealer delivers the vehicle “on the spot” and permits the customer to take possession of the car. Some weeks or even months later, the dealer contacts the customer to advise them that their financing plan was not approved and they must agree to new financing—at less favorable terms—or return the car. This practice is called “yo-yo” financing. The dealer stands accused of not having properly disclosed the credit deal he originally sold to the customer was conditional on the approval of the application. [English Money & Finance] [full cite] (Feb. 19, 2007)

zeroing n. The panel also said that the U.S. government’s calculations of its antidumping duties were wrong because Washington used a method called “zeroing,” in which sales at above-market prices are ignored. [English Money & Finance] [full cite] (Jun. 1, 2005)

zirp n. The next Japanese spanner in the works will be the end of zero interest rates, or zirp as it is known. Bank-watchers have pencilled in July or September for the moment of reckoning. Few investors lose sleep worrying about life after zirp, but our guardians at the Bank of International Settlements view it as the greatest imminent risk to global markets. [English Money & Finance Acronym] [full cite] (May. 29, 2006)

zombie n. Investments which last for much longer than the five-year standard nowadays often go one of two ways: either the company is killed off by the weight of its borrowings or it becomes what is known as a “zombie”—a business that still manages to generate enough profits to pay down debt, but is too highly leveraged to attract the buyer needed to provide a necessary exit. [English Money & Finance Slang] [full cite] (Apr. 17, 2008)

zombie debt n. A zombie debt is one you thought you buried long ago. It was probably for some small amount and your creditor gave up trying to collect. But meanwhile, another company bought that debt from the creditor. And now, years later, they’ve come for your BRAINS! I mean…payments. [English Money & Finance] [full cite] (Jul. 2, 2006)

zombie debt n. In the past few years a number of collection companies have cropped up specializing in what are called “zombie debts.” The companies buy old debt that is no longer enforceable. They then call the borrowers and tell them they’ll be in all kinds of trouble if they don’t pay up. [English Money & Finance] [full cite] (Dec. 12, 2006)

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