liquidity preference

*noun*; the tendency for the public to want to hold income in cash relative to its willingness to hold it as interest-bearing savings (bonds).

The liquidity preference is analogous to a supply curve for lendable funds. If the price for lendable funds--that is to say, the interest rate--is high, then the amount be be large. If the interest rate is low, then the public will be more inclined to hoard income as cash.

Income held as cash is not spent on goods and services, so if the amount increases abruptly then there will be a recession. If it is held in some interest-bearing form, then it can be spent on fixed capital, thereby increasing output and employment.

During a recession, if the liquidity preference is high, a lot of money is going to be held as cash. One could free up some cash for job-creating investment by raising interest rates, but that would eradicate a lot of business opportunities. So monetary authorities monetize debt instead, creating a new supply of credit to replace the savings lost by falling interest rates.

...An individual’s liquidity preference is given by a schedule of the amounts of his resources, valued in terms of money or of wage-units, which he will wish to retain in the form of money....

John M. Keynes, *General Theory of Employment, Interest, and Money* (1936), Ch.13

by Abu Yahya March 3, 2009

prevert

A person on the verge of doing or saying something innapropriate.

Cindy: (Waiting in line at an amusement park) "... this thing is sooo long! ... Don't say anything John. I can see that preverted look in your eyes".

by Kazizzle January 11, 2009

premenstrual

To be in an obnoxiously bitchy and uncompromisable state for no apparent reason. It can effect both males and females, if is a female, the only socially acceptable thing to do is to simply tune out any unnecessary jabber that might be escaping the premenstrual bitches noise hole. If male, however is acceptable to comment on the size, and/or visibility of their newly attained vagina.

Bitch: "I hate this! Today sucks! I hated Wall-E!"

Dude:" ...mhm...whatever you say..."

or

Male bitch/ Nadsack:" Im so bored, Im friggin hungry, wake up already! Feed me!"

Dude: "Hey, don't be so premenstrual, I can see ur vagina from here."

by cockjuggling thundercunt June 22, 2009

preverse

A bad or sinful thought, or feeling.

I get a nervious preverse, when i see her its worse.

by april-leanne July 5, 2008

primer

The girl or woman that accompanies a prostitute on a multiple trick call. The primer's job is to give the tricks a brief blow job, so as to shorten the time the actual prostitute must spend with each individual. Also know as the "sucker".

We can't go up north to the plant until we get the primer. There are ten guys there and it will be too much work without her.

by Sean Layman May 24, 2006

premeir

something you will never be

by Anonymous January 23, 2003

sexual preference

One's preference for a particular type of sexual partner, regardless whether that preference is rigidly or casually held, and regardless how morally repugnant others may find that preference.

heterosexual, homosexual, bisexual, and pedosexual are all sexual preferences. Pedosexual propaganda uses pedophile as a euphemism in place of pedosexual to make it seem like it isn't all that bad.

by Downstrike May 30, 2004