Last modified on 17 June 2013, at 23:41
Break (as in break the bank) + the + buck (“dollar (colloquial)”).
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) Fall below the value of one dollar per share.
- 2000: Charles A. Jaffe, Chuck Jaffe’s Lifetime Guide to Mutual Funds: An Owner’s Manual, page 110 (Perseus Books Group; ISBN 0738202738, 9780738202730)
- In 1994, during the Orange County bankruptcy, a few funds were poised to break the buck, until their parent companies stepped in.
- 2008, "Money-Market Funds Get $50 Billion Backstop From US (Update1)", Bloomberg, Sep 19, 2008
- "We were likely going to see more funds halt redemptions" and break the buck. The insurance program is part of a wider rescue package […]
- ^ “break the buck” listed on page 261 of The SmartMoney Guide to Long-Term Investing, Nellie S. Huang, Peter Finch, and James B. Stewart (2002; John Wiley and Sons; ISBN 0471274925, 978-0471274926)