in the money

(FINANCE) when a financial derivative has intrinsic value to the person who holds it. There are two examples:

* when the strike price of a call option is less than the spot price of the underlying stock, it is worthwhile to exercise it;

* when the strike price of a put option is more than the spot price of the underlying stock, it is worthwhile to exercise it.

Please remember that an option being "in the money" does not mean it was a good investment. You might have bought the option when the difference between the strike price and the spot price was MORE than it is now. If it's expiring, you might as well exercise it because to not do so is just throwing money away. But it still could have been a loss for the investor.
PHIL: Sweet! My call options are back in the money. Now I'd better exercise them.

MIGUEL: You must be rolling in the cash, Holmes!

PHIL: Not even close. The forex rate for the UK pound nosedived and I got hosed pretty bad. It's not where it was when I bought these rat droppings, but I need to get out before they expire.

MIGUEL: You know, when you first told me about options they sounded like a sweet deal, but...

PHIL: Yeah... the guy who wrote the option always seems to know what's going down better than us dilettantes.
by Abu Yahya April 15, 2010
mugGet the in the moneymug.

AEI

(acronym) American Enterprise Institute; an extremely powerful thinktank associated with the Conservative Movement.
The AEI is extremely well-connected, and much favored by business interests.
by Abu Yahya May 29, 2009
mugGet the AEImug.

closed triangle

A sexual relationship involving three partners, all of whom have sexual contacts with each other. C.f. an open triangle, in which two of the members do NOT have sexual relations with each other.

An obvious attribute of a closed triangle is that at least two of the members must be bisexual or homosexual.
A common sexual fantasy for both men and women is the "closed triangle"; it's appeared as a theme in several novels, including Ernest Hemingway's _The Garden of Eden_. As a literary theme, however, it nearly always ends sadly, perhaps because even in their fantasies writers are bound by plausible expectations.
by Abu Yahya March 21, 2010
mugGet the closed trianglemug.

green mind

Philippine slang for someone who thinks compulsively erotic thoughts; dirty minded; the tendency to give innocent phrases a sexual connotation.

Occasionally the use of the term "green minded" by Usonian English speakers (to mean "environmentally conscious") causes Pinoys great amusement.
WILLIAM: How long have you lived here?

ALFREDO: Ever since I came in the USA

WILLIAM: Dude, you had sex with the USA? Did she get pregnant?

ALFREDO: Aw, man, you have a green mind!
by Abu Yahya February 22, 2010
mugGet the green mindmug.

LDC

Less developed country; refers to countries such as Mexico or Egypt, where there is a semi-functional state and plans to stimulate industry, but very limited industrial development (relative to the total labor force).
The World Bank and the IMF are both intensely controversial entities among LDCs.
by abu yahya June 24, 2008
mugGet the LDCmug.

repo desk

(FINANCE) department of a securities firm that specializes in repurchase agreements. A repurchase agreement is a type of short-term loan in which a borrower sells a security (like a share of stock) and agrees to buy the same security back in a few days.

From the point of view of the counterparty buying/re-selling the stock, this deal is known as a reverse-repo. Reverse-repos are useful to brokerages because they allow the brokerage to short the stock.
Through a repo desk, the bank can finance short-term borrowings on behalf of itself and its clients. The repo desk makes money by charging interest on typically very short term loans - 1 to 5 days.
by Abu Yahya September 28, 2010
mugGet the repo deskmug.

commodity fund

(FINANCE) a mutual fund that trades in commodities or commodity derivatives. This can include commodity index funds.
Usually a commodity fund makes its returns by trading derivatives rather than the underlying commodity.
by Abu Yahya April 15, 2010
mugGet the commodity fundmug.