To be blamed for an error by your boss, so that your boss might protect their own position, even though they were equally culpable. The word was invented after the dismissal of a prominent UK politician, Kwasi Kwarteng who served for 38 days as Chancellor of the Exchequer under Prime Minister Liz Truss.
by montyr October 19, 2022
kwar·teng VERB
1) to commit a grave error, potentially financial in nature
※This definition can pertain to something that has happened before and stopped or an action currently occurring.
2) to suffer a continuous state of disaster
※This definition should have greater effect if the term is used for a situation arising from an action under definition 1.
Synonyms: 1) blunder, make a mistake, (informal) bugger up, (vulgar) fuck up
2) languish, suffer, be tormented, be tortured, (informal) get screwed over, (vulgar) get fucked over
Derivation:
1) From the surname of Kwasi Kwarteng, Chancellor of the Exchequer, in the aftermath of a September 2022 mini-budget widely condemned as erroneous by, among others, the International Monetary Fund and the Bank of England.
2) The same, but more as a result of the apparent rationale for emergency interventions by the Bank of England in the aftermath of the above.
1) to commit a grave error, potentially financial in nature
※This definition can pertain to something that has happened before and stopped or an action currently occurring.
2) to suffer a continuous state of disaster
※This definition should have greater effect if the term is used for a situation arising from an action under definition 1.
Synonyms: 1) blunder, make a mistake, (informal) bugger up, (vulgar) fuck up
2) languish, suffer, be tormented, be tortured, (informal) get screwed over, (vulgar) get fucked over
Derivation:
1) From the surname of Kwasi Kwarteng, Chancellor of the Exchequer, in the aftermath of a September 2022 mini-budget widely condemned as erroneous by, among others, the International Monetary Fund and the Bank of England.
2) The same, but more as a result of the apparent rationale for emergency interventions by the Bank of England in the aftermath of the above.
Definition 1: That idiot of a CFO kwartenged the budget, didn't he?
Definition 2: Pension funds would have collapsed within hours had the economy been permitted to kwarteng unimpeded.
Definition 2: Pension funds would have collapsed within hours had the economy been permitted to kwarteng unimpeded.
by bibhutibhushan September 28, 2022
"Nice to meet you. I don't think I've ever seen you in these hallowed halls before."
"I recently transferred here from risk management downstairs. Tomorrow I will have been here for 1 Kwarteng."
"I recently transferred here from risk management downstairs. Tomorrow I will have been here for 1 Kwarteng."
by eryth October 18, 2022
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by Clyde_en_Marland October 14, 2022
A sharp reversal of value, usually in response to pronouncements of irrational fiscal policies.
A decline in value of a sudden and extreme nature.
A decline in value of a sudden and extreme nature.
"Wow, did you see what happened after that government announcement today? My stocks got completely Kwartenged."
by leonard the lion September 28, 2022