The intersection at Magnolia Ave and College St. in Auburn, AL. Divides "downtown" Auburn from the campus of Auburn University. Called Toomer's Corner because of the store named Toomer's Drugs, which is no longer a drug store but instead an Auburn souvenir shop that sells food and lemonade. Toomer's Drugs has been located at the corner of this intersection in Auburn for over 110 years. After major athletic victories, people gather here and roll an old oak tree with toilet paper, known in Auburn as "rolling Toomer's Corner". Many local bars are located around this intersection.
I have gotten way too many late night phone calls to go pick some drunk retard up from Toomer's Corner.
by Magnus von Slaughterhausen February 25, 2010
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by Yanqui May 16, 2006
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Get the cut corners mug.1. Why is that guy in the sketch-corner.
by Mosheman100 May 26, 2010
Get the Sketch-corner mug.A southern delicacy that is simple to make, and makes a great addition to any meal. Ingredients include sugar, salt, bacon fat, corn flour, and of course, some hot, boiling-ass water. Grannies and Nannies tend to make the best batches.
Thanksgiving at Granny's house was the shit! She had some of the best hot water cornbread I've eaten all year!
by yo-yo baiter July 13, 2007
Get the hot water cornbread mug.(FINANCE) Used either as a noun: a situation in which a trader controls the supply of a traded item, such as shares of stock, supplies of a commodity, etc.
Or else, used as a verb: to obtain control over the supply of a thing, so that one can drive the price up to extremely high levels.
Cornering the market for anything (or getting a corner) is extremely difficult and requires not only immense amounts of money (usually borrowed for the purpose), but also timing and the ability to bluff opponents.
A corner is ultimately a long position in the sense that it is a direct attack on investors taking a short position.
Or else, used as a verb: to obtain control over the supply of a thing, so that one can drive the price up to extremely high levels.
Cornering the market for anything (or getting a corner) is extremely difficult and requires not only immense amounts of money (usually borrowed for the purpose), but also timing and the ability to bluff opponents.
A corner is ultimately a long position in the sense that it is a direct attack on investors taking a short position.
The corner must be timed very precisely, because it cannot last for more than a very short time. Even when the the price of the thing (like, say, silver) goes up to very, very high levels, more supplies cannot come onto the market or the corner will be lost.
At the same time, there has to be a target of the corner--some group of people who have to buy the cornered item no matter how high the price goes (otherwise, the quantity demanded will just go to zero). For this reason, corners are nearly always part of an attempt to squeeze the shorts.
At the same time, there has to be a target of the corner--some group of people who have to buy the cornered item no matter how high the price goes (otherwise, the quantity demanded will just go to zero). For this reason, corners are nearly always part of an attempt to squeeze the shorts.
by Abu Yahya April 5, 2010
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