Axe: Difference between revisions

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2. ''Financial trading'': The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A ''desire''. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to ''sell'' it. Fast.
2. ''Financial trading'': The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A ''desire''. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to ''sell'' it. Fast.
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[[Hayes and Palombo v R]]

Latest revision as of 17:43, 6 April 2024

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
59 strat-1 1.jpg
A ’59 Strat, yesterday.
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Axe
/æks/ (n.)
1. Rock ’n’ roll: An electric guitar. Ideally, a transition ’59 Strat with a slab board and single ply pick guard.

2. Financial trading: The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A desire. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to sell it. Fast.

See also

Hayes and Palombo v R