(1). A fancy way of saying “temp”.
“Well, with comp time right around the corner, we’re going to need a little staffing insurance policy in case we lose a bunch of people going into the busy season.”
Staffing Insurance Policy
RANDOM LINGO
Drop the Ball
(1). Expression used to imply someone has not taken proper action when prompted (i.e. shirking or neglecting one’s duties).
“Scott really dropped the ball on that project when he skipped the conference call. He never referred the information to the client and now they’re irate at us!”
Props to Brad for the submission.
Style Drift
(1). When an investment manager veers slowly away from the type of investments he’s supposed to be making. Usual result is affectionately referred to as “turnover”.
“Well, Mike, I think it’s safe to say you guys have experienced a little style drift lately. Buying California municipal bonds in a Turkish equity strategy is just not really what we were looking for.”