Chrysler

[krahys-ler]

noun

1. Walter Percy, 1875–1940, U.S. automobile manufacturer.

Example Sentences

By pressuring major motor companies like Ford, General Motors and Chrysler to offer their workers unprecedented benefits, Reuther ensured that laborers got a bigger share of the postwar economic boom American companies were enjoying.

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Little remembered today—Dillon barely gets a mention in standard Wall Street histories—he was a significant Jazz Age financier, taking over the Dodge automobile company, which he nearly ruined before selling it to Chrysler, financing Hollywood ventures, oil producers, European iron-and-steel works and more.

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Once upon a time, Chrysler issued a bond through Morgan Stanley, and the only people who wound up with credit risk were the investors who bought the Chrysler bond.

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Chrysler might sell its bonds and simultaneously enter into a ten-year interest rate swap transaction with Morgan Stanley—and just like that, Chrysler and Morgan Stanley were exposed to each other.

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If Chrysler went bankrupt, its bondholders obviously lost; depending on the nature of the swap, and the movement of interest rates, Morgan Stanley might lose, too.

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