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

by Wardeeee July 30, 2017

by chippy no no May 7, 2017

by Nmugsy January 31, 2004

I Sponged you damn good nigga.
by Zac James June 1, 2004

by Memegirls June 18, 2018

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
