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Re: Money on the hoof.

Posted by Stan on October 29, 2002

In Reply to: Re: posted by Bruce Kahl on October 28, 2002

: : How about "Money on the hoof." I'm guessing in reference to cattle, or possibly even horse racing.

: Here in the NY area in the financial industry, the telemarketers, aka stockbrokers, will use that term to describe a financial instrument that can be quickly converted to cash without breaking out of a commitment or suffering a big loss or withdrawal penalty.

Thanks, but what is the origin?