vigorish

Definition

The vig—that interest rate so steep it makes a payday lender look charitable. Casinos and loan sharks love charging this, turning a small debt into a financial black hole through sheer compounding aggression.

Example Usage

The casino's vigorish on losing bets will bankrupt you faster than the losses themselves.

Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=vigorish&defid=5702054)

Related Terms

Intermediate

Merger

When two companies combine to become one larger, more dysfunctional company with twice the middle management. It's always sold as a "merger of equals" and always ends with one side updating their resumes within six months.

💰 Finance / Accounting

Advanced

embedded option

A feature within a security that gives the issuer or holder rights to take specific actions, like calling bonds early or converting to equity. The financial equivalent of fine print that can drastically change deal terms.

💰 Finance / Accounting

Intermediate

equities

Fancy financial speak for stocks—those little pieces of companies you can buy that either make you feel like Warren Buffett or a complete idiot, depending on the day. They represent actual ownership in a corporation, unlike bonds where you're just the company's reluctant banker. The asset class that lets you participate in capitalism's rollercoaster while your stomach does backflips every time the market hiccups.

💰 Finance / Accounting

Intermediate

multiple

In finance, it's the magical number you get when dividing a company's stock price by its earnings—the higher the multiple, the more investors believe in fairy tales about future growth. Also known as the P/E ratio, it tells you how many years of current profits you're paying for today. Basically, it's the market's way of saying 'trust me bro' with numbers.

💰 Finance / Accounting

Intermediate

welfare wages

Compensation from employment that's so pitiful you'd need government assistance to survive, even with a job. These poverty-level wages force workers to supplement income with public benefits just to cover basic necessities.

💰 Finance / Accounting

Beginner

Leverage

To use something that already exists rather than building something new, which sounds strategic but usually means "we have no budget." The Swiss Army knife of corporate verbs -- it can mean literally anything.

💼 Corporate / Business💰 Finance / Accounting

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