Percy, who’s Queen?

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The Jolly Contrarian’s Glossary

The snippy guide to financial services lingo.™

Frisbee as a metaphor for sovereign immunity

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Percy and Queenie are playing frisbee. Queenie throws.
Percy (catching the Frisbee): Howzat!
Queenie: Percy, who’s Queen?
Percy (drops the Frisbee): Oh! Butterfingers!

The very worst reason for agreeing to a counterparty’s demand, but one which is all too often the chief motivating factor, particularly of Sales and their glad-handing lightweight counterparts in senior relationship management.

Also, the intellectual grounding for sovereign immunity.

See also