Yield Burning — was a method by which major Wall Street US municipal bond dealers cheated the federal government out of millions of dollars of revenue. [http://query.nytimes.com/gst/fullpage.html?res=9D05E6DC123CF937A25757C0A9649C8B63 scp=2 sq=michael+lissack st … Wikipedia
Yield Burning — The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as burning the yield, is done after the bond is placed in escrow for an investor who is awaiting… … Investment dictionary
yield burning — A municipal bond financing method. underwriters in advance refundings add large markups on US Treasury bonds bought and held in escrow to compensate investors while waiting for repayment of old bonds after issuance of the new bonds. Since bond… … Financial and business terms
burning bush — /ˌbɜnɪŋ ˈbʊʃ/ (say .berning boosh) noun 1. any of various plants which yield a volatile and flammable oil. 2. any of various species of Combretum, a deciduous climber with masses of small red flowers in spring. {from the burning bush in Exodus… …
World of Warcraft: The Burning Crusade — Developer(s) Blizzard Entertainment Publisher(s) Bliz … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Michael Lissack — is a realtor and business consultant in Naples, Florida,[1] who was formerly a managing director in the municipal bond department at Smith Barney. He is notable as the whistleblower who exposed a yield burning scandal in the 1990s, whereby… … Wikipedia
nuclear fusion — fusion (def. 4). [1895 1900] * * * Process by which nuclear reactions between light elements form heavier ones, releasing huge amounts of energy. In 1939 Hans Bethe suggested that the energy output of the sun and other stars is a result of fusion … Universalium
forestry — /fawr euh stree, for /, n. 1. the science of planting and taking care of trees and forests. 2. the process of establishing and managing forests; forestation. 3. forestland. [1685 95; < MF foresterie. See FOREST, RY] * * * Management of forested… … Universalium
petroleum refining — Introduction conversion of crude oil into useful products. History Distillation of kerosene and naphtha The refining of crude petroleum owes its origin to the successful drilling of the first oil well in Titusville, Pa., in 1859. Prior to… … Universalium
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium