“NCAA”: Financial Expression of the Day

Broke

If you’re the portfolio manager who’s invested in a NCAA bond, call a headhunter. (Photo: pixgood.com)

NCAA,” adjective, an acronym for “no coupon at all.” Usage note: When one considers that Wall Street is full of people with fancy educations, it’s disheartening that most finance lingo is so dreadful; one expects more from all those Ivy League degrees. Yet one must give credit where it’s do and admit that finance blowhards really caught lightening in a bottle when they coined “NCAA”; it’s an an exquisite piece of lingo. Continue reading

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