|The Jolly Contrarian’s Dictionary |
The snippy guide to financial services lingo.™
Recharacterisation /rɪˈkaraktərʌɪˈzeɪʃ(ə)n/ (n.)
A fear that lives, loves, survives and flourishes in the febrile imagination of l’aigle juridique, and out of which many never entirely grow, that Arthur might be regarded by the authorities who watch over us as Martha; Glen as Glenda, a synthetic prime brokerage trade be deemed to be a (taxable) cash equity trade, a title transfer collateral arrangement treated as an unregistered (and therefore imperfect or even voidable) security interest, a credit derivative ruled an unregulated insurance contract and so on and so on and so on.
Don’t scoff: your livelihood depends on chicken-lickeny risks like this being taken seriously.