Today's Finance Jargon
Velocity of Money
The velocity of money measures the rate at which money goes from one transaction to another in an economy – in simple terms, it’s how often and how quickly a rupee changes hands.
Usually, if money circulates through an economy at faster speeds, the economy is seeing more transactions and is probably healthier than an economy with a slower velocity of money. A faster velocity also means businesses are further along in the business cycle, which leads to price increases and a higher rate of inflation.
Today's Law Jargon
Debtor in Possession
n. in bankruptcy proceedings when a debtor has filed for the right to submit a plan for reorganization or refinancing under Chapter 11, and the debtor is allowed to continue to manage his/her/its business without an appointed trustee, that debtor is called a "debtor in possession."
Today's Engineering Jargon
Water Hammer
Water hammer (or, more generally, fluid hammer) is a pressure surge or wave caused when a fluid (usually a liquid but sometimes also a gas) in motion is forced to stop or change direction suddenly (momentum change).
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