Dictionary

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The Jolly Contrarian’s Dictionary
The snippy guide to financial services lingo.™
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Splendid American wag Ambrose Bierce published, to great acclaim, a Devil’s Dictionary a hundred years or so ago, thus inaugurating a fine tradition of subversive glossaries: Douglas Adams and John Lloyd’s The Deeper Meaning of Liff being one, and Dr. William Margrabe’s online Devil’s Derivatives Dictionary — dating back to 2001 — being another. Mr. Margrabe’s excellent resource has long since been put to pasture and has fallen fallow — though you can find it if you look hard enough — and since the world of financial services has moved on in 20 years to the sunlit uplands we now inhabit, here is the JC’s meagre contribution to the venerable tradition.

See also