Nice-to-have

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Something that helps a credit officer sleep and night, and helps ensure a negotiator’s kids aren't singing for their supper. Cross Default, for example. Often used to describe an entirely otiose passage in a netting opinion.