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(1). To proactively address an issue which is identified as potentially dangerous to the firm or a client relationship. The term is often used when trying to quietly clean up an error before the client notices anything is wrong.
(1). How fancy, snooty business men concluded meetings in England in the mid 1800’s.
(2). How fancy, snooty bankers & Wall Street folk currently conclude meetings.
“Old business?! No? On to new business then..”
(1). A term used to describe full transparency on a deal or issue (i.e. opening the kimono to see what’s underneath).
“Okay guys, we’re going to have to be open kimono on this deal.”
Props to John M. for the submission.
