Created by: OZZIEBOB
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.
Sentence: After the baringesse of his personal banker and his financial planner, Bob's life became downgraded to standard and poor. Furthermore, upon finding out that OED. had redefined "Profit" as an archaic word no longer in use; and that his key banker was living in luxury in the Virgin Islands, the term "instutionalised investor" repercussioned in his head.
Etymology: Formed from BARING: Speculative trading on Singapore's International Monetary Exchange caused the spectacular collapse of Barings Bank, the United Kingdom's oldest investment bank. Barings bank was founded in 1762 by John and Francis Baring & LARGESSE: generous bestowal of gifts. 2. the gift or gifts, as of money, so bestowed.