A financial state in which an individual can no longer afford attending a New York Knicks game due to Jeremy Lin's rise to fame which has driven up ticket prices.
I was gonna go to the Bulls @ Knicks game but because of Linsanity I suddenly have Linsufficient Funds
by George4 April 18, 2012
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by funnythatsmyname July 23, 2009
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Get the get yo funds up mug.(FINANCE) the rate at which Federal Reserve System member banks lend reserves to each other. It is the one interest rate actually set by the Federal Reserve Board. The other rates, such for treasury securities, are set by auction.
Bank reserves are a fixed percentage of deposits held in reserve against sudden demand by the depositor. In some cases bank reserves take the form of deposits with a Federal Reserve Bank, like the Federal Reserve Bank of New York.* Such deposits do not earn interest for the member bank, unless they are re-lent out at the federal funds rate.
"Federal funds" refers to emergency lending (overnight) among member banks so that the borrower can meet its reserve requirements. Reserves may include deposits with a Federal Reserve Bank which can be loaned by the member bank to another member bank (thereby earning interest).
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* Member banks in the FRS are regular national/state chartered banks, or investment banks. The FRS itself includes 12 Federal Reserve Banks, which actually do the financial work of the FRS.
Bank reserves are a fixed percentage of deposits held in reserve against sudden demand by the depositor. In some cases bank reserves take the form of deposits with a Federal Reserve Bank, like the Federal Reserve Bank of New York.* Such deposits do not earn interest for the member bank, unless they are re-lent out at the federal funds rate.
"Federal funds" refers to emergency lending (overnight) among member banks so that the borrower can meet its reserve requirements. Reserves may include deposits with a Federal Reserve Bank which can be loaned by the member bank to another member bank (thereby earning interest).
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* Member banks in the FRS are regular national/state chartered banks, or investment banks. The FRS itself includes 12 Federal Reserve Banks, which actually do the financial work of the FRS.
by Abu Yahya September 4, 2010
Get the federal funds rate mug.Where someone cries poor-mouth but you know he actually has plenty of green, and so you sarcastically tell him to "stuff it" --- i.e., quit his crocodile-tears blubbering.
About the only whiny complaint that Ethan Couch would never make would be about instufficient funds, since he'd already admitted that his family was rolling in dough, and thus his "problem" --- and his pathetic defense at his manslaughter trial --- was having too MUCH money, not too little.
by QuacksO September 23, 2019
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