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"New" financial words/phrases Thread poster: Nicolette Scholte (X)
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Nicolette Scholte (X) 
Local time: 01:02
English to Dutch
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roxana68
Italy
Local time: 01:02
Italian to English
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Hi,
I found the article very useful, I'll keep it on memory in case I'll be in need!
Thanks,
Roxanne
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avantix
Netherlands
Local time: 01:02
German to Dutch
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In memoriam | Interesting... | Oct 1, 2008 |
...although some mentioned terms (e.g. short-selling; bear market) are not really new ones.
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Jack Doughty
United Kingdom
Local time: 00:02
Russian to English
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In memoriam
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In the US at least, "negative equity" is also popularly called "being upside down," as in "He's upside down on that house/car/boat."
Does anyone know what "moral hazard" is called in German? Or have a link to a similar article in German?
Thanks for posting!
[Edited at 2008-10-01 12:03]
[Edited at 2008-10-01 12:04]
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| Good resource, thanks! | Oct 1, 2008 |
I find this article very intersting and it will surely be useful in my financial translations.
Kind regards,
Angelica
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Lia Fail (X)
Spain
Local time: 01:02
Spanish to English
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| Cowenomics is the only "Irish" one:-) | Oct 1, 2008 |
Cowenomics is a reference to an Irish minister.
However, all the others are standard GB and/or US terms.
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Nicolette Scholte (X)
Local time: 01:02
English to Dutch
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TOPIC STARTER | Or Temple Bar | Oct 2, 2008 |
Lia Fail wrote:
Cowenomics is a reference to an Irish minister.
However, all the others are standard GB and/or US terms.
[/quote]
True, but also Temple Bar, I'm not entirely sure how many people from outside Ireland that never been there know what it is.
"Stagflation
Sounds like a ruckus in Temple Bar with a group of men from Manchester..."
But only based on the terms, then yes Cowenomics is a definite Irish term
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hazmatgerman (X)
Local time: 01:02
English to German
| @Daina Jauntirans | Oct 2, 2008 |
Would "being upside down" be the equivalent of "going belly up" which I've only known so far as meaning "bust". Regards, and thanks to Scholte for link.
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hazmatgerman wrote:
Would "being upside down" be the equivalent of "going belly up" which I've only known so far as meaning "bust". Regards, and thanks to Scholte for link.
Hi Hazmatgerman,
No, when a company goes belly up, it files for bankruptcy. When an individual is "upside down" on something (usually a house or car), that means that they owe more than the asset is worth. This is probably unimaginable for non-Americans (and many Americans as well), but some people take a car they still owe money on, trade it in at the dealership for a new car (bought on credit) and roll the old loan into the new note. They therefore automatically owe more on the new car than it's worth - that's being upside down. Another example is the people who bought houses at the height of the market with little or no money down. The houses today generally appraise for less than the amount of the mortgage - the owners owe more than the current value of the house (presumably what they could get if they sold it), so they are also "upside down."
Hope that helps!
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Suzan Hamer
Netherlands
Local time: 01:02
English
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| Glossary terms? | Oct 5, 2008 |
Interesting and informative, thanks for the link. Will you be adding the terms to a glossary so they will be available/searchable on ProZ? If you don't, I may (when I have time).
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MarinaM
Argentina
Local time: 20:02
English to Spanish
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| Thanks Nicolette !!! | Oct 8, 2008 |
very useful ; )
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| Another resource on this topic | Oct 9, 2008 |
For those of you interested in learning more about this issue (in English), the National Public Radio program "This American Life" had two very good episodes about the housing crisis and the credit crunch. You can listen to these free online (I think they're MP3 files - I listen using Windows Media Player). Here are the links:
"Giant P... See more For those of you interested in learning more about this issue (in English), the National Public Radio program "This American Life" had two very good episodes about the housing crisis and the credit crunch. You can listen to these free online (I think they're MP3 files - I listen using Windows Media Player). Here are the links:
"Giant Pool of Money" about the housing crisis
http://www.thislife.org/Radio_Episode.aspx?episode=355
"Another Frightening Show About the Economy" about the credit crunch
http://www.thislife.org/Radio_Episode.aspx?sched=1263 ▲ Collapse
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