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.
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. [EnglishMoney & FinanceSlang] [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.” [EnglishMoney & FinanceJargon] [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. [EnglishMoney & 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. [ LanguageSpanish SubjectMoney & 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.” [EnglishMoney & 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. [EnglishMoney & FinanceJargon] [full cite] (Jul. 29, 2006)
U-turn transaction n. Iranian banks and other institutions could previously send transactions through US banks as long as they were initiated by a non-Iranian or American bank outside the US and ended in a non- Iranian or American bank outside the US. That practice, known as “U-Turn” transactions, has been banned in attempt to further isolate Iran’s financial sector. [EnglishMoney & Finance] [full cite] (Nov. 11, 2008)
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. [EnglishMoney & FinanceJargon] [full cite] (Aug. 14, 2007)
underbanked adj. During the past few years, Wal-Mart has been selling financial products to low-income customers who may shop in its stores, but don’t have relationships with traditional banks—those that the industry defines as the “underbanked.” [EnglishMoney & FinanceJargon] [full cite] (Jul. 10, 2006)
underwater adj. Employee and investor attitudes changed profoundly after 2001, as the tech bust rendered millions of stock option grants worthless—“underwater” in valley parlance. [EnglishMoney & FinanceSlang] [full cite] (Jul. 29, 2006)