Hi,
Stumbled across this sentence:
He churned and burned your brokerage account out of ten grand.
Is “churn and burn out of” a well-known fixed expression?
Does it mean that he swindled the account out of the aforementioned amount of money?
Thanks!
Apparently it is well known. Though I’ve never heard it before.
financial-dictionary.thefreedict … +and+Churn
(But then, I down’t move in big business/financial circles)
Here are some examples of the application of the phrase:
Hiring people, then putting them under such stress to perform that many fail (burn) and are replaced, in an ever-changing (churning) team lineup.
repmanblog.com/repman/2007/0 … hurn_.html
Selling off assets as quickly as possible, with no regard as to whether or not you are able to get the full value for them.
property.timesonline.co.uk/tol/l … 981025.ece
Ahh, I see
Definitely not a lay man’s expression.
Thanks, Bev.