DEATH BY A THOUSAND CUTS
This is a term that means a termination of a deal caused by some small issues that usually taken for granted. It is a failure because of things that are smaller than what people are expecting to be a big problem. This term can also apply to a product or idea that is destroyed by too many minor changes or the failure of a plan as a result of a cumulative chain of events. This buzz word is derived from the idea that a small cut will not kill you but, if you get enough of them, you could bleed to death. The term is derived from an ancient form of torture, in which the condemned person was subjected to a number of less devastating wounds over time until the accumulation of damage eventually became fatal.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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