(1). A biblically-inspired phrase describing an action which will result in a net benefit of zero, often used in finance to dissuade clients from making unnecessary investment changes.
0-5+20Rob Peter To Pay Paul
0-5+200-5+200-5+20RANDOM LINGO
Old And Cold Money
(1). A client account you’re thinking of going after that’s been with one bank for years and years. And why shouldn’t you give it try?! I mean, who’s better than you, right?! Their current guy probably doesn’t even call them once a quarter to tell them what’s going on with Russian commodity prices! And how about that new exchange fund you’re offering? Wouldn’t they want to know about that?! Of course they would!! Now, get over to that phone and get that old coot on the line! You are a bright, shining star!
“So, given our lackluster numbers so far this year, I’ve been thinking that a new strategy is called for. Instead of young, up-and-coming entrepreneurs, we’re going to hunt for some old and cold money! Now, I want everyone to hit the nursing homes and university clubs and bring in those Vanderbilts!”
+20Open Kimono
(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.
+20