DEFINITION: n. A bank which pays huge salaries to its executives who bet their customers' money on dumb investments, risky loans, and the inevitable government bail-out. v. To lend, spend, and mismanage a bank into bankruptcy.

Rethievership

Created by: artr

Pronunciation: riθēvərship

Sentence: The executives of several financial institutions, Fat Pockets Inc. were upset when their companies were forced into rethievership. They were so stressed that they gave themselves a bonus. They equate it to combat pay.

Etymology: receivership (the state of being dealt with by an official receiver) + thieve (steal something)

Points: 1235

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