(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.
Rob Peter To Pay Paul
RANDOM LINGO
Best in Class
(1). A self-promoting way to describe a firm’s customer service or products, meant to imply that the firm is number one in the industry (a claim for which there is likely no basis and is highly disclaimed in the fine print at the back of the promotional material).
“Team, we’re rolling out our new value proposition to reaffirm to the world our best in class status in the industry.”
Catch-All Provision
(1). A vague term at the end of a contract that seems to obligate everybody to virtually everything they can think of.
“Yeah, so … blah, blah, blah … acts of God … blah, blah, blah … full indemnity … catch-all provision at the end … here’s a pen.”