The worldwide financial crisis of the late 2000s that started with widespread the American subprime mortgage defaults and led to the collapse of many overleveraged Wall Street firms such as Bear Stearns and Lehman Brothers. The resultant recession has been deep and both monetary and fiscal policy have taken unprecedented steps in order to curtail its negative impact in efforts to prevent the credit markets from freezing and to stimulate spending.
Everyone keeps comparing the Second Great Contraction to the Great Depression, but only time will tell how similar they truly are.
by berryfrusion June 14, 2009
Get the Second Great Contraction mug.1. an arrangement to have someone murdered by a
professional criminal
2. any illegal or unethical arrangement
professional criminal
2. any illegal or unethical arrangement
by The Return of Light Joker August 25, 2009
Get the contract mug.oh, its the opposite of what I thought it would be...ooo! I can use my favorite word! IT'S COUNTERINTUITIVE!!!!
by meIsayI October 28, 2008
Get the counterintuitive mug.a fixed-term contract is any contract of employment that will terminate:
-on the expiry of a specific term;
-on the completion of a particular task;
-on the occurrence or non-occurrence of any other specific event other than the attainment of retiring age
-on the expiry of a specific term;
-on the completion of a particular task;
-on the occurrence or non-occurrence of any other specific event other than the attainment of retiring age
by dEnIz March 14, 2005
Get the fixed-term contract mug.When something that appeals to those who'd rather do their own thing is sold by a corporation. A textbook example is Hot Topic appealing to the punk/emo/metal scene by selling shirts with "clever" sayings and emblems of punk bands that were big in the decade before. Another example would be pre-ripped jeans. When attemps to stand out are made easy by going to the mall, rather than actually embracing the counterculture itself.
by Mr.Majestic May 16, 2008
Get the over-the-counter counterculture mug.(adj.) Term used to describe a sexual partner who sleeps with you without receiving something first i.e. Dinner, movie, gifts. You still end up paying for it eventually. Origin - UK mobile telephone payment system.
Atonym - Pay as you go
Atonym - Pay as you go
My girlfriend has put out four times this week, I just know that I'm going to have to pay the contract soon.
by JediAndi September 21, 2005
Get the Contract mug.Someone who doesn't have the skills or talent to hold down a permanent job. They are inherently lazy and sneaky.
by napa2004 March 11, 2005
Get the contractor mug.