Double Decker

Bridge financing is a method of financing, used to maintain liquidity while waiting for an anticipated and reasonably expected inflow of cash. Bridge financing is commonly used when the cash flow from a sale of an asset is expected after the cash outlay for the purchase of an asset. For example, when selling a house, the owner may not receive the cash for 90 days, but has already purchased a new home and must pay for it in 30 days. Bridge financing covers the 60 day gap in cash flows.

Another type of bridge financing is used by companies before their initial public offering, to obtain necessary cash for the maintenance of operations. These funds are usually supplied by the investment bank underwriting the new issue. As payment, the company acquiring the bridge financing will give a number of stock at a discount of the issue price to the underwriters that equally offsets the loan. This financing is, in essence, a forwarded payment for the future sales of the new issue.

Bridge financing may also be provided by banks underwriting an offering of bonds. If the banks are unsuccessful in selling a company's bonds to qualified institutional buyers, they are typically required to buy the bonds from the issuing company themselves, on terms much less favorable than if they had been successful in finding institutional buyers and acting as pure intermediaries.

There are 2 types of bridging finance. Closed bridging and Open Bridging.

Closed bridging finance is where you have a date for the exit of the bridging finance and are sure that the bridging finance can be repaid on that date. This is less risky for the lender and thus the interest rate charged are lower.

Open bridging is higher risk for the lender. This is where the borrower hasn't got an exact date for the bridging finance exit and may be looking for a buyer of the property or land.

MODUS PONENS

Works of fiction may even have unexpected real-world effects on people’s choices. Merlot was one of the most popular red wines among Americans until the 2005 film Sideways depicted actor Paul Giamatti as an ornery wine lover who snubbed it as a common, inferior wine. Winemakers saw a noticeable drop in sales of the red wine that year, particularly after Sideways garnered national attention through several Oscar nominations.

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The term pareidolia (pronounced /pæraɪˈdoʊliə/), referenced in 1994 by Steven Goldstein, [1] describes a psychological phenomenon involving a vague and random stimulus (often an image or sound) being perceived as significant. Common examples include images of animals or faces in clouds, the man in the moon, and hidden messages on records played in reverse. The word comes from the Greek para- —"beside", "with" or "alongside"—and eidolon—"image" (the diminutive of eidos—"image", "form", "shape"). Pareidolia is a type of apophenia.

Influenza

The sow's ear effect is a term used in economics to describe when a country is unable to raise its productivity or per capita gross domestic product relative to other countries of similar development despite adjustments in macroeconomic policy, such as the exchange rate or the interest rate. This is due to deficiencies in on the supply side of the economy. This could be for reasons such as a poorly skilled labour force.

The term sow’s ear comes from the phrase: You can’t make a silk purse out of a sow's ear.

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Africanized Beers

On David Foster Wallace’s Wiki page, some hacker with a twisted sense of humour inserted the word “nigger” into random sentences on Monday. Wallace, who hanged himself this weekend at the age of 46, would have approved of the hack, but lamented the lack of imagination.

full retard

OMFG

Apostrophe