Dry Powder
A slang term for cash reserves kept on hand to cover future obligations.
For example, if a venture capitalist expects bad times in the IPO markets you might hear him say something like, "we want to keep enough dry powder around to keep funding our companies through these hard times."
For example, if a venture capitalist expects bad times in the IPO markets you might hear him say something like, "we want to keep enough dry powder around to keep funding our companies through these hard times."
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