Embonusment

What is Embonusment?


1.

(n.) embonusment: a form of embezzlement involving authorization of year-end bonuses in failing banks and investment firms, financed by government bailouts

(v.) to embonus

The insolvency of many Wall Street firms did not prevent widespread embonusment, as industry professionals took whatever they could before the lights went out.

See wall street, bonus, bailout


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