The Times helpfully printed a 'recessionsaurus' recently,or definitions of words that are becoming more and more frequent in our daily news reports and bulletins. The definitions are down-to-earth and in some cases pretty basic eg creditors, people who lend money or those who are in credit and debtors, people who borrow money or those who are in debt. Liquidity is defined as a fancy name for money and, indeed, the term 'fancy name' makes several appearances - inflation is 'a fancy name for rising prices' and leverage is 'a fancy name for debt'. Some are more heavy-going eg the definition for fractional banking, which I couldn't face reading. The current buzz words are included, eg toxic debt and quantitative easing.