(1). In accounting, an exasperated resignation to government seizure of private property.
Escheat Happens
RANDOM LINGO
Put On Fee
(1). In finance, to invest newly-received client assets in products offered by the firm. The term is usually uttered by anxious stockbrokers (many of whom have already put down money on a pool or new car) when discussing, internally, clients who are reluctant to approve their investment recommendations.
Touch-Base Call
(1). A conference call used to accomplish something for which a three-word email would have worked just fine.
“Okay, sounds good…let’s just schedule a quick touch-base call next Tuesday to check up on status…I’ll send out the meeting request.”