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(1). An aviation-inspired term indicating nothing is happening with a prospective client. No calls, no messages, no nothing. Nada. Zip. Zilch.
“Hey boss. Yeah, the Jenson account…umm…we’re in a bit of a holding pattern right now on that, so…last time I called them? Umm, well, uhh…”
(1). In finance, a term used to describe client assets currently managed by the firm. Usually used during sales staff meetings to encourage employees to get their existing clients to increase the size of their relationship with the firm, often through cross-pollination.
(1). The process of getting a law passed by Congress. The law will ultimately include a multitude of irrelevant and contradictory provisions, ensuring lawyers and accountants will remain employed for years to come, which was likely the goal in the first place.
“What does this provision mean, anyway? Can I veto it? Why can’t I veto it? I’m the President, for Christ’s sake! Can’t we ever get something through Congress without all the sausage making? Maybe I’ll just declare myself President for Life…can I do that?”
