(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..”
New Business
RANDOM LINGO
Best Practice
(1). An unofficial procedure that a small, smug subset of employees deems better than those of their peers.
“Well, as a best practice, my team always sends each of our clients a personalized holiday card and a little tin of cookies. Our client retention rate is 0.1% better than the firm average, so it’s clearly worth it.”
Punt
(1). Word incorrectly used to describe making a decision when the subject matter situation changes, affecting the original plan. Should instead referred to as ‘calling an audible.’
“If that doesn’t work out, we’ll have to punt.” (Facepalm)
Props to Cosgrove for the submission.