by Vodka_Veins February 29, 2016
I have insignificant funds in my bank account.
by Midnight2000 July 05, 2024
Financial institution pretending to engage in high risk / high reward quantitative investment strategies but in fact trading on insider information to get ahead of the market.
"How did Joe afford that Lamborghini?"
"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
by nygeek August 30, 2012
Bro 1: drinks?
Bro 2: nah dog I'm more broke than the Maccys ice-cream machine!
Bro 1: Bro fund?
Bro 2: yeah sweet bro I'll get them in next time!
Bro 2: nah dog I'm more broke than the Maccys ice-cream machine!
Bro 1: Bro fund?
Bro 2: yeah sweet bro I'll get them in next time!
by TheAbominableVapeman December 27, 2016
The interest rate at which banks lend to each other overnight when the bank manager accidentally spent too much of the deposits on yachts and mansions. The Fed attempts to influence this in order to set interest rates for monetary policy, but unfortunately nobody gives a shit about what Jerome Powell thinks.
Bob illegally spent $500 million of customer deposits on luxury yachts a private island in the Bahamas. He had to borrow extra money at a Federal Funds rate of 5%, to meet the liquidity requirements.
by grilledpotatoes January 17, 2025
A system by which the government guarantees all employed persons in the entire nation will get a certain percentage of their income by the time they retire.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
Wealthy CEO: Oh boy I’m sure looking to retire at age 50 and leave my company to my son/daughter so they may do the same exact thing.
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
by Unquestionably Burdensome July 28, 2023
(noun): A flimsy business venture started by an overprivileged adult child who inherited a substantial windfall and mistakenly believes that their wealth alone qualifies them to run a successful company. However, their grandiose delusions and lack of experience often lead to poor decision-making and questionable business practices, making it clear that their venture is a hustle that no one should trust. A Trust Fund Hustle is a half-baked idea fueled by privilege and arrogance that's more likely to crash and burn than succeed.
"If you're serious about playing the guitar, stay away from that Trust Fund Hustle of a brand and invest in something more reputable."
"If you want a guitar that's worth your money, steer clear of that Trust Fund Hustle of a brand. Word on the street is that it's funded by the owner's grandmother, it's bound to disappoint in the long run. Save your money and invest in a more reputable brand that's built on quality, not just cheap china imports."
"If you want a guitar that's worth your money, steer clear of that Trust Fund Hustle of a brand. Word on the street is that it's funded by the owner's grandmother, it's bound to disappoint in the long run. Save your money and invest in a more reputable brand that's built on quality, not just cheap china imports."
by dogfartsarewarm February 20, 2023