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(A "haircut" is the financial term for reducing the face value of outstanding debt.
In some ways, the deal allows the hedge fund to take on leverage, the financial term for borrowing money to enhance returns.
Starting in the nineteen-eighties, "efficiency" began its semantic migration; now it's a financial term, for bringing price into line with value.
Giving evidence in a federal bankruptcy court in the heart of New York's financial district, Marsal said his understanding was that Barclays' purchase was supposed to be a "wash" – a financial term meaning the bank broke even by taking equal sums in assets and liabilities.
(A "haircut" is the financial term for reducing the face value of outstanding debt. If you owned a $1,000 bond and it was subjected to a haircut of ten per cent, it would entitle you to collect just $900 when it became due).
The most feared financial term isn't recession.
Similar(47)
No financial terms were disclosed.
Financial terms were not released.
Financial terms were withheld.
He would not discuss the financial terms.
They did not disclose financial terms.
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