put the lime in the coconut (fadedjae) wrote in steeltrap,
put the lime in the coconut

The Word Origin Calendar

avant-garde - In French, avant-garde refers to a military unit that precedes the main force while traveling - the vanguard, in other words, literally meaning "before the guard." In English, the word now refers sto something that is ahead of the curve of fashion or commerce, such as a brand of clothing or, more often, an artistic style.

ecology - German scientist Ernst Haeckel coined the term "ecology" in his 1866 book, General Morphology of Organisms, composing it from the Greek words oikos, "house," and logos, study." Thus, "ecology" is the study of how our home, in the largest sense, works.

blazer - In the nineteenth century, members of the famed rowing crew of St. John's College at Cambridge University, in England, wore distinctive bright red jackets. In the slang of the day, the crewmembers call the jackets "blazers," so bright that they might set fire to something. The term derives from the Old English blaese, "torch."

hedge fund - A term coined in 1967, "hedge fund" refers to a kind of investment that, unlike a mutual fund, is not open to the public and is usually managed by an individual broker. The "hedge" component refers to the practice of investing by distributing fund so broadly - in, say, both stocks and bonds - that regardless of whether a given company within it loses or fails, the overall portfolio will yield a profit.

auburn - The name of a light-brown or dark-blonde color, usually of the hair, "auburn" derives from the Latin alburnus, meaning the bright, whitish light of alba, "dawn." The Old French auborne kept the meaning of white or blonde, but when it came into Middle English as aborne, it sounded close enough to "brown" that it came to be associated with that darker shade.
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A minor disagreement regarding "hedge fund." A broker is the firm that provides the market place for actual purchases or sales. It's employees are traders. A hedge fund has a manager [often a team] that makes the decisions on what to purchase or sell. They then place the orders with brokers for executon. One major difference is that unlike a conventional mutual fund, a hedge fund is not limited to initial purchases. If a hedge feels that the price of something will decline, they can initiate a position as a short sale, or purchase a long put [the option to sell]. Either way they make money if it does indeed go down.