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break the buck. In DICTIOUS you will not only get to know all the dictionary meanings for the word
break the buck, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
Etymology
Break (as in break the bank) + the + buck (“dollar (colloquial)”).
Pronunciation
Verb
break the buck (third-person singular simple present breaks the buck, present participle breaking the buck, simple past broke the buck, past participle broken the buck)
- (US, idiomatic, finance, of a money-market fund) To fall below the value of one dollar per share.[1]
2000, Charles A. Jaffe, Chuck Jaffe’s Lifetime Guide to Mutual Funds: An Owner’s Manual, Perseus Books Group, →ISBN, page 110, →ISBN:In 1994, during the Orange County bankruptcy, a few funds were poised to break the buck, until their parent companies stepped in.
2008 September 19, “Money-Market Funds Get $50 Billion Backstop From US (Update1)”, in Bloomberg:"We were likely going to see more funds halt redemptions" and break the buck. The insurance program is part of a wider rescue package […]
References