dog. (finance) A bond or a promissory note.
These dogs are said to be of good or bad breed depending upon how collectible they are thought to be.That is to say, is the obligor reliable or not?
I am sure that this is one you hear all the time, right? Well, apparently it was a hot usage once upon a time, probably before “hot” meant “currently fashionable.” Many slang resources list it among the first definitions, which is why I thought it best to include it in this project. If you come across this as an actual contemporary usage, let me know.
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1. Lighter, J. E., and Random House (Firm). 1994. Random House Historical Dictionary of American Slang. 1st ed. New York: Random House. |