| 释义 |
dry powder
dry powderfinance Cash reserves kept to cover unforeseen future obligations or purchases; low-risk liquid assets or securities that can easily be converted to cash. I learned early on in my career that any viable business has to have dry powder ready for anything. I've kept a decent amount of dry powder on hand, so we should be able to get through your unemployment.See also: dry, powderDry Powder
Dry PowderInformal; a term for cash reserves, especially to cover unforeseen, future obligations. In personal finance, dry powder can also refer to low-risk liquid assets that can be converted to cash with minimal effort. The term is associated often with venture capital, when it refers to keeping ventures funded in a downturn, and with home building, when it refers to a reserve used to buy real estate when the market is favorable. The term derives from the need for dry gunpowder in the heat of battle in early modern warfare. |