What do a.m. and p.m. stand for?

hot money

noun, Informal.
funds transferred suddenly from one country to another chiefly to avoid depreciation in value or to take advantage of higher interest rates.
Origin of hot money
1925-30 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for hot money
  • As well as frozen money, you bankers also talk about hot money.
  • They kept away the hot money that has sent exchange rates soaring in other emerging-market stars.
  • In previous years the deficit was financed by hot money, making the economy more vulnerable.
  • hot money might help to finance current account deficits.
  • We ought to get the hot money out of the commodities markets.
  • They are far too important to be left to the whims of hot money.
  • While less hot money might reduce the risks of a market panic, it would not eliminate it entirely.
  • There ought to be transaction fees on all financial trades, to shrink and to slow the ridiculous distention of hot money.
British Dictionary definitions for hot money

hot money

capital transferred from one financial centre to another seeking the highest interest rates or the best opportunity for short-term gain, esp from changes in exchange rates
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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