Buck

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Buck

Slang for one million dollars.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Buck

1. Among traders, informal for $1 million.

2. More generally, informal for one dollar or one euro. See also: Breaking the buck.

3. In bond trading, 1/10 of one dollar of a bond price. Because bonds often are quoted in terms of 1,000 points (and not in terms of dollars), a buck is equivalent to one point.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved