Monday, September 18, 2006
WORD OF THE WEEK
Rate Tart (noun) - Someone who continually switches credit card providers in order to get the lowest rates available.
The expression rate tart is derived from a combination of the word rate, 'the percentage that a bank charges or pays when you borrow money or keep it in an account,' and tart in its sense as an offensive word for a prostitute, a metaphor for financial, as opposed to sexual promiscuity.
It has been estimated that the practice of rate tarting costs the lending industry over a billion dollars a year. (Tarts on the other hand are known to make a significant profit for the pimping industry each year!)
Word of the Week is taken from the Macmillan English Dictionary.
Rate Tart (noun) - Someone who continually switches credit card providers in order to get the lowest rates available.The expression rate tart is derived from a combination of the word rate, 'the percentage that a bank charges or pays when you borrow money or keep it in an account,' and tart in its sense as an offensive word for a prostitute, a metaphor for financial, as opposed to sexual promiscuity.
It has been estimated that the practice of rate tarting costs the lending industry over a billion dollars a year. (Tarts on the other hand are known to make a significant profit for the pimping industry each year!)
Word of the Week is taken from the Macmillan English Dictionary.
:: posted by Ray of Delight, 2:39 PM
