New words – 5 March 2018

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stoozing noun [U]
the practice of borrowing money on a credit card with a 0% interest rate and then investing the same money in a bank account that pays a high interest rate so that a profit can be made when the original loan is repaid

“Ideally stoozing would be most appropriate for consumers who already have savings and a decent income,” explained Rachel. “This is so that they could leave the deposit untouched in a high interest current account, while also meeting any minimum funding requirements to be eligible for interest, and at the same time managing repayments on a credit card.”
[, 27 September 2017]

price gouging noun [U]
the act of increasing the price of goods or services beyond what is considered fair, normally during a state of emergency

As Hurricane Irma … hits the northeast Caribbean, Florida residents are already seeing price gouging for items like water, food and gas as they prepare for the storm that is on track to reach parts of the state by the weekend. Florida State Attorney General Pam Bondi opened a price-gouging hotline for residents to report these instances, and a “high volume of complaints” have already rolled in since it opened on Monday.
[, 7 September 2017]

robo-adviser noun [C]
UK /ˈrəʊ.bəʊ.ədˈvaɪ.zəʳ/ US /ˈroʊ.boʊ.ədˈvaɪ.zɚ/
a computer system that uses algorithms and other software to provide financial advice

New customers usually answer online questions about their financial goals and attitude to risk. The robo-adviser then suggests portfolios that it will manage for them. This can be done within minutes.
[Sunday Times, 2 July 2017]

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2 thoughts on “New words – 5 March 2018


    Financial frauds are on the rise. Hence, words relating to commerce and economics may find entry as new words in dictionaries

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