Word: payout
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...Faculty has yet to learn the exact payout rate for the fiscal year starting next July...
...Strata is on the hook for the losses. And in a twist on regular insurance, the buyer of a CDS contract [i.e., the insured] doesn't actually have to own the bond. If the bond goes belly up, they get paid as if they had, pocketing the insurance payout as a profit, which of course would be a loss for the owners of Strata...
...flat payout—or the same dollar amount in endowment income as last year—a School of Public Health spokesperson wrote in an e-mail. The Harvard Corporation, the University’s highest governing board, has yet to set next year’s endowment payout rate—a figure generally announced in December—leaving schools to plan their budgets without definitive numbers while decisionmakers attempt to get a better idea of market conditions. Though the Corporation is meeting today, University administrators declined to discuss the topics on the agenda this weekend...
...exacta--if your pick for first or second or third, etc., matches the tournament rankings. The player with the most points at the end of each competition gets $100,000. Whoever piles up the most points over all six tournaments wins the million, a record fantasy-sports payout...
...Harvard spent $1.6 billion of its endowment in 2008 to cover operating expenses and capital projects, an increase of nearly 25 percent over previous years and the University’s largest endowment payout ever...