The way in which one acts or behaves to maintain within the boundaries outlined by a person, company or agency in control of which narratives are acceptable and those that are not. Usually for financial gain.
The church leader's funding behavior often leaves the congregation spiritually underwhelmed. But they did add two new wings to their admin building.
by JewishLightning January 06, 2025
by Ghettopickle911 June 22, 2021
Sarcastic term for da sizeable wad of cash dat a lying chat-contact from Ghana or Nigeria asked you to send to him/her, supposedly in order to give said foreigner confidence dat you're "for real" prior to his traveling overseas to meet you in person. Doubly a bad idea for you to actually comply with, of course, since (A) this OTHER person should conceivably be da one to prove to YOU dat he/she is legit, since presumably you will likely be da one who will be paying for most of da person's expenses if he/she comes to see you, and (B) most likely said conniving moocher is merely trying to con money out of you, and in reality has no actual intention of ever making any travel-plans to hang out with you.
by QuacksO March 22, 2023
A primitive version of what today would most likely be a "mutual fund" or similar instrument.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
It seems that everyone these days is peddling mutual funds, exchange traded funds, funds, funds, funds. Banks, trust companies, credit unions, insurance companies... all are getting on the bandwagon and unleashing their most voracious commission salespeople. No wonder, though, as the various inscrutable offerings are a nightmare of fees - front-end loads, back-end loads, management expense ratios - to the point where the modern equivalent to a bucket fund is a leaky bucket where 2% of your life slavings may well be gone every year just in fees. Over a quarter century, that might add up to half your capital.
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
by bitchuck September 20, 2024
(noun) A person born into wealth heavily leaning towards and/or associating with far left economical ideas without acknowledging its downsides due to ignorance. They can easily be found on places ranging from private education institutions to the back streets of their town, choosing to live in worse life conditions than they can financially sustain. Despite being critical of the capitalist world their entire bloodline profited from, you can see them wearing expensive accesories, driving expensive cars etc. from the money they sourced from their parents, only contributing to the problem they are defending our world against
1: Hey isn't that Sara? Why is she in a workers' protest?
2: Seems like it.
1: I thought her parents bought her a car, does she even do work part-time?
1: I don't think so, she is just a Trust Fund Communist
2: Seems like it.
1: I thought her parents bought her a car, does she even do work part-time?
1: I don't think so, she is just a Trust Fund Communist
by supersoapy August 08, 2023
An individual who accepts their meager existence in back-offices and gray cubicle rows until they dissipate into pure anonymity but now has an insignificant title change. Frequently excreted on by the rest of the company as a human cesspool, they lurk in the hazy glow of asinine spreadsheets and fruitless excel recreation. Individuals suffering from this syndrome have been known to cope with their existence by extended lunches at ill repute bars playing buck-hunter and talking about how they are "under appreciated". Severe psychological damage and alcoholism are the most commonly experienced byproducts.
Scott B. is not management material, he had a 15 dollar break which shows how poor of a senior fund accountant he is.
And here is our back-office, they are the piece-of-shit (POS) senior fund accountants who crunch our numbers.
And here is our back-office, they are the piece-of-shit (POS) senior fund accountants who crunch our numbers.
by lolololol2000 February 12, 2015
by Traap dereck June 24, 2017