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(1). In finance, to sell investments that have appreciated quickly in an attempt to lock in profits. The phrase is used by financial advisors when speaking with clients to provide them with a sense of accomplishment that will; 1 lead to their approval, and 2 allow the advisor to gloss over the poor performance of other investments in the portfolio.
(1). The annual celebration of the United States’ independence from its doddering, old father, England. It’s also the day when your neighbor gets to (once again) try to blow his hand off by shooting off insanely illegal fireworks in what seems to be the general direction of your house.
“Hey, Tom. I’m going to try to bug out at one o’clock today. Want to beat the traffic out of the city, if I can, Oh, before you leave, could you put together that P and L report for the board and circulate it to everyone? Shouldn’t take more than five or six hours, I would think. Happy Fourth of July!”
(1). Idiotic expression used to describe a sales call where an account exec is accompanied by his/her manager or other “expert”.
“So, Kyle brought a guy from the fixed income team with him this morning to talk about munis. I guess he thought he needed to have a four-legged call to land the account.”
Props to Mike J. for the submission.
