The New Glossary of Finance Terms

The website, www.thereformedbroker.com, claims to be an irreverent and insightful blog on Wall Street. Recently, it posted its own definitions of various financial terms. Here’s a sample:

Bonus: A form of extortion whereby employees of a company extract either shareholder or taxpayer money for their own pleasure regardless of the success or failure of the said company.

Derivatives: Trading...

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