Archive for 02/2007

Totopo

A totopo is a flat, round corn product similar to a tortilla. In the United States, however, it's a brand name for a triangular tortilla corn chip. The Mexican totopos and the American totopos…

Texas Haircut (financial term)

A "haircut" is a financial term meaning that one side is getting "shaved." For example, a debtor cannot repay a loan and offers fifty cents on each dollar owed to satisfy the…