The Financial World is Steeped in Special Lingo

Doug Harris cats22 at FRONTIERNET.NET
Thu Jun 5 19:09:51 UTC 2008

>From the NY Times (today):
Updated: Verizon Communications is in talks to buy Alltel for about $27
billion . . .
. . . But some debt holders, including banks like Goldman and Citigroup who
are stuck with billions of dollars in buyout-related loans that they cannot
sell, may take _a steep haircut_.
An odd turn of phrase, or mixed metaphor (undoubtedly by someone who never
met one s/he didn't like).
Google suggests the term is 'popular' with financial types, if you can
consider something earning 121 hits 'popular'.

The American Dialect Society -

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