Definitions by Gumba Gumba

licence to print money 

(n.) A highly profitable business.

Those who bought into the McDonalds franchise years ago have found they now have a licence to print money

licence to print money by Gumba Gumba May 13, 2004

float 

(v.) For the founding members of a business to sell thier shares as a public limited company. While this brings in extra revenue, it means these people lose a little control over thier company.

I'm going to float the company next year.

float by Gumba Gumba May 13, 2004

Big City Player

(n.) An upper-middle class person, increasingly becoming female, although still vastly male, that is involved with huge monetary transactions and is known to frequent wine bars.

A big city player in his vintage Ferrari Daytona.

Big City Player by Gumba Gumba May 13, 2004

liquid assets 

(n.) Assets owned by a person or organisation that can quickly be redeemed for cash (This also includes cash and bank balance).

Debtors do not count as liquid assets because there is no garuantee that cash can be recieved from the.

liquid assets by Gumba Gumba May 13, 2004

devaluation 

(n.) A sudden drop in price due to the decision of a superior. Not to be confused with depreciation.

The dollar took another devaluation against the pound and euro today. Pretty soon it'll be back to 1950's standards and we can buy shit in cheaply.

devaluation by Gumba Gumba May 13, 2004

Millionaire 

(n.) A person or organisation that is in possession of over one million of a pre-set currency either in liquid assets, except property.

The only people in Italy who were not Lire millionaires before the introduction of the Euro were homeless people.


Being a dollar millionaire means nothing when you try and impress a maltese person, for the dollar was only equal to about 0.4 of a Maltese Lira.


Being a pound millionaire is not as prestigous as a Malta millionaire, but better than being a dollar millionaire.

Millionaire by Gumba Gumba May 13, 2004

collective bargaining

(v.) To have negotiations between employer and many employees in order to come to some sort of arrangement on changes to the conditions of employment. the idea is that both parties come to fair agreement.

The result of collective bargaining procedures is a collective agreement

collective bargaining by Gumba Gumba May 13, 2004