Skip to main content

Second Great Contraction

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
mugGet the Second Great Contraction mug.

contract

1. an arrangement to have someone murdered by a

professional criminal

2. any illegal or unethical arrangement
Those bastards have set up a contract and are targeting the Former Governor.
by The Return of Light Joker August 25, 2009
mugGet the contract mug.

counterintuitive

1) counter to what intuition would lead one to expect
2) weird
3) f***ed up
4) my favorite word
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
mugGet the counterintuitive mug.

fixed-term contract

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
This post will be offered as a fixed-term contract with an end date of 30 September 2005
by dEnIz March 14, 2005
mugGet the fixed-term contract mug.

over-the-counter counterculture

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.
You shit on eggs. I need no example. over-the-counter counterculture
by Mr.Majestic May 16, 2008
mugGet the over-the-counter counterculture mug.

Contract

(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
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
mugGet the Contract mug.

contractor

Someone who doesn't have the skills or talent to hold down a permanent job. They are inherently lazy and sneaky.
Gareth and Simeon are contractors because they can't get real jobs.
by napa2004 March 11, 2005
mugGet the contractor mug.

Share this definition

Sign in to vote

We'll email you a link to sign in instantly.

Or

Check your email

We sent a link to

Open your email