|The Jolly Contrarian’s Dictionary |
The snippy guide to financial services lingo.™
Absolute /ˈæbsəluːt/ (adj.)
An adjective that, for the most part, doesn’t do anything in a legal context, but which makes a legal eagle using feel better, and her counterpart somehow queasy, especially when juxtaposed with the noun “discretion”. This may cue up a lengthy argument, earnestly prosecuted in furtherance of their respective clients’ interests, which will lead to a stalemate somewhere in the vicinity of “good faith and a commercially reasonable manner”.