Word: wording
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...owner of the mortgages can use them as collateral to issue bonds to finance other deals. Money from thousands of homeowners covers the interest payments on those bonds. To attract investors, the bonds are rated by risk groups, called tranches (the French word for slices). The more secure the bond, the lower the payoff for investors. Those who buy the riskiest pool of bonds - the ones backed by the riskiest home mortgages - are promised the highest return. ? Mortgage-backed securities ? Pool of mortgages ? Bond tranches ? Risky bonds re-rated...
USAGE The emergence of smexting--as both a word and a practice--is more evidence of the growing ostracism of nicotine addicts. Some English smexters say they have turned to texting since the ban as a way of seeking the support of friends in an effort to quit smoking. It's more fun than the patch...
...sensible culture would know what to do with Annalisee Brasil. The 14-year-old not only has the looks of a South American model but is also one of the brightest kids of her generation. When Annalisee was 3, her mother Angi Brasil noticed that she was stringing together word cards composed not simply into short phrases but into complete, grammatically correct sentences. After the girl turned 6, her mother took her for an IQ test. Annalisee found the exercises so easy that she played jokes on the testers--in one case she not only put blocks in the correct...
...Hollywood party on Aug. 16, 1977, word reached the celebrity revelers that the 42-year-old Elvis Presley had just died at his Graceland home in Memphis. Amid the murmurs of shock, one industry type noted, "Good career move...
...dripping with cred. The Young Knives, Jack Peñate and Cajun Dance Party may have already made an impression on the charts, but even the likes of Nottingham's electro-popsters, Late Of The Pier and Brighton's Maths Class have mustered a substantial London following by word of MySpace alone...