Banking and Finance could very well be the number 1 sector when it comes to creating alien like complex sounding jargons. Even the standard ones are pretty complex for the layman and this is why Stock Markets are made out to be the playground for Seasoned Professionals.
Well, at Getting Money Wise one of the major focus has been to distill the jargonized world of Investments and explain them in a way everyone can understand.The articles explaining PE Ratios, Parachute Clause, Block Deal etc. bear a testimony to same
Well, I stumbled upon an interesting laundry list of jargons used in the banking world and their actual implied meanings.
Bandwidth: Ability to sit for 3 more hours knowing fully well that its past 12 in the night
Liquidity: Cold, hard cash
Liquidity event: Go on the stock market or go belly up
Special Purpose Vehicle: A legal way to circumvent the law
Business Plan: Poetry in excel; Pointless but beautiful
Confidential Information: Pointless information that will be passed around to everyone despite being protected by law
Persons Acting In Concert: What Shashi Tharoor is to Sunanda Pushkar
Discounted Cash Flow: Magic!
Independent Banker: A hilarious joke!
Material Adverse Change: It’s not my fault…
Term Sheet: The Holy Grail
Conditions Precedent: Aaj nakad, kal udhar.
Face Time: What gets you your bonus.
Drag Along: Your ass is mine!
Consultants: People who will take money to say what you want to say
Structuring: Finding loopholes in the law
Chinese Wall: A glass panel with a door
Prop Trading: Putting money where your mouth is
Intern: Planktons; Insignificant, available in huge numbers and fully replaceable but the universe stops if they are not around
Analyst: Bottom feeder
Bull Market: Everyone on a sugar high
LBO: Buying you a Ferrari by taking a loan on your salary
Valuation: Original sin
Theses terms are something that we come across every now and then while reading news paper, financial magazine etc. Really loved the way the meaning has been explained for each jargon.This art of story telling by linking a complex jargon and link it to a common event is the best way to understand anything and everything.
Hats off to the author of the blog where i shamelessly picked this one up. Here is the original source Earning My Quarter Mile