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The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

We at the JC will never tire of marvelling at how comprehensively ISDA’s crack drafting squad™ can, through sheer anxiety, render simple concepts as unintelligible tracts of text.

Actually, we can and do tire of it. But the mental effort of marshaling respect and affection for the squad’s quaint syntactical idioms — learning to love the monster, so to speak; a form of self-inflicted Stockholm syndrome — has its benefits. For if you can’t laugh, all hope is lost.

Anyway.