Meaning of IBG YBG | Babel Free

Definitions

Initialism of I'll be gone, you'll be gone (I'll have gotten my commission; you'll have sold out to the next guy; neither of us will be held accountable).

abbreviation, alt-of, initialism

Examples

“Our financial bubble, like⟳ all bubbles, has many complex strands feeding into it — called derivatives and credit-default swaps — but at heart, it is really very simple. We got away from the basics — from the fundamentals of prudent lending and borrowing, where the lender and borrower maintain⟳ some kind of personal responsibility for, and personal interest⟳ in, whether the person receiving the money can actually pay⟳ it back. Instead, we fell into what some people call⟳ YBG IBG lending: “you’ll be gone and I’ll be gone” before the bill comes due.”

“opens up boundless room for creative financial engineering and no lack of opportunity for alchemy and the manifestation of IBG YBG behavior.”

CEFR level