"Money on the hoof."
Posted by Bruce Kahl on October 28, 2002
In Reply to: "Money on the hoof." posted by Stan 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.