Archive for 05/2012

Churning

"Churning" occurs when a broker executes many trades on an investment account; the trades are not necessarily in the best interests of the investor (the client), but the trades are in the…

“Bang for the buck”

"Bigger/More bang for a/the buck" means that someone wants to spend dollars more effectively. The term began in the U.S. military, when the Pentagon told the December 16, 1953 New York…

“On the money”

"On the money" means "accurately" or "precisely" and has been cited in print since at least 1939. For example, an arrow that hits the center of a target is said to…