Meanwhile, many Americans continue to face change in their homes, bank accounts and jobs. Only time will tell if the latest wave of change Americans voted for in the midterm elections will result in a negative or positive outcome. Tergiversate This rare word was chosen to represent 2011 because it described so much of the world around us. Bluster In a year known for the Occupy movement and what became known as the Arab Spring, our lexicographers chose bluster as their Word of the Year for 2012.
2012 saw the most expensive political campaigns and some of the most extreme weather events in human history, from floods in Australia to cyclones in China to Hurricane Sandy and many others. Privacy We got serious in 2013. Exposure Spoiler alert: Things don’t get less serious in 2014. Our Word of the Year was exposure, which highlighted the year’s Ebola virus outbreak, shocking acts of violence both abroad and in the US, and widespread theft of personal information.
From the pervading sense of vulnerability surrounding Ebola to the visibility into acts of crime or misconduct that ignited critical conversations about race, gender, and violence, various senses of exposure were out in the open this year. 2016, from Brexit to President Donald Trump’s campaign rhetoric. Despite being chosen as the 2016 Word of the Year, xenophobia is not to be celebrated. Rather it’s a word to reflect upon deeply in light of the events of the recent past.
Complicit The word complicit sprung up in conversations in 2017 about those who spoke out against powerful figures and institutions and about those who stayed silent. It’s a word that reminds us that even inaction is a type of action. The silent acceptance of wrongdoing is how we’ve gotten to this point. We must not let this continue to be the norm. If we do, then we are all complicit. The Roman Numeral Bowl: Are You Ready For Some Football?
No Flubdub Here—Only Word Facts In This Quiz! Why Do Parents Use These Babyish Words? Start your day with weird words, fun quizzes, and language stories. This field is for validation purposes and should be left unchanged.
This iframe contains the logic required to handle Ajax powered Gravity Forms. Click on the bonsai for the next poem. What is a ‘Swap’ A swap is a derivative contract through which two parties exchange financial instruments. These instruments can be almost anything, but most swaps involve cash flows based on a notional principal amount that both parties agree to.
Usually, the principal does not change hands. Each cash flow comprises of one leg of the swap. The most common kind of swap is an interest rate swap. Swaps do not trade on exchanges, and retail investors do not generally engage in swaps. Rather, swaps are over-the-counter contracts between businesses or financial institutions. They find another company, XYZ Inc.
ABC an annual rate of LIBOR? In other words, XYZ will fund ABC’s interest payments on its latest bond issue. ABC benefits from the swap if rates rise significantly over the next five years. XYZ benefits if rates fall, stay flat or rise only gradually. At year 1, the interest rate will be 1.