break the buck

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English

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Etymology

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Break (as in break the bank) + the + buck (“dollar (colloquial)”).

Pronunciation

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Verb

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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)

  1. (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

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  1. ^ “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, 978-0471274926)
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