OUP (UK) WOTY: credit crunch

[David Barnhart]

Indeed, _credit crunch_ may be the "old" word of the year.  I think it is a
bit premature to choose the word of the year in the first week of October.

Regards,
David

barnhart at highlands.com

On Thu, Oct 2, 2008 at 9:33 AM, Benjamin Zimmer <
bgzimmer at babel.ling.upenn.edu> wrote:

> ---------------------- Information from the mail header
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> Sender:       American Dialect Society <ADS-L at LISTSERV.UGA.EDU>
> Poster:       Benjamin Zimmer <bgzimmer at BABEL.LING.UPENN.EDU>
> Subject:      OUP (UK) WOTY: credit crunch
>
> -------------------------------------------------------------------------------
>
> "Credit crunch" has been chosen as Word of the Year by Susie Dent of
> Oxford University Press (UK):
>
> http://blog.oup.com/2008/10/woty_uk/
>
> Dent's new book _Words of the Year_ also covers other terms related to
> the credit crisis:
>
> ---
> NINJA LOAN – a loan or mortgage made to someone who has 'No Income, No
> Job, No Assets'
>
> JINGLE MAIL – the practice of sending back one's house keys to the
> mortgage company because of negative equity, or the inability to keep
> up with payments
>
> IPOD – acronym for 'insecure, pressured, overtaxed, and debt-ridden'
>
> HOMEDEBTOR – homeowner with a very large mortgage, particularly one
> that they are unlikely to ever pay off
>
> SPEED MENTORING – a style of career- or life-coaching modelled on
> speed dating, in which each participant has a few minutes to seek
> advice on career-related questions
>
> FUNT – someone who is Financially UNTouchable
>
> EXPLODING ARM – variable rate mortgage with rates that soon rise
> beyond a borrower's ability to pay
>
> GOING UNDERWATER – falling into negative equity
>
> STAGFLATION – stagnant growth and rising inflation
> ---
>
> --Ben Zimmer
>
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>

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