A common term in finance, specifically sales and trading. Refers to situations in which the trader tells you not to hedge your risk and instead to absorb it.
by Moyka July 30, 2017
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Get the sponge mug.I Sponged you damn good nigga.
by Zac James June 1, 2004
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Get the spongs mug.The act of soaking a tampon with hard liquor and inserting said tampon into the rectum with the goal of becoming intoxicated.
"Beer is too expensive man, I'm just gonna sponge it tonight."
"Sponging gets you so hammered, you gotta be careful with it."
"Sponging gets you so hammered, you gotta be careful with it."
by Billyman13 December 30, 2009
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