Oil prices plummeted as traders worried that American drivers were beginning to balk at the price of gasoline.
Random House Balks
Random House is the only major publisher whose titles cannot be bought directly from Apple's iBooks application, having resisted the new pricing model that Apple offered publishers for the iPad.
Skype Founders Balk at eBay Deal
Skype's founders filed a copyright suit against eBay and a group of investors that have agreed to buy the online communications company, a move that could complicate the $2 billion deal.
Madoff pleaded guilty to charges he ran a massive, decades-long Ponzi scheme that bilked investors out of billions of dollars and apologized for his actions. The judge ordered jail pending sentencing and revoked bail.
Lehman Loses $350 Million, Alleges Fraud
Lehman has sued Japan's Marubeni, saying it was bilked out of $350 million in an alleged fraud involving forged documents.
tr.v., bilked, bilk·ing, bilks.
- To defraud, cheat, or swindle: made millions bilking wealthy clients on art sales.
- To evade payment of: bilk one's debts.
- To thwart or frustrate: “Fate . . . may be to a certain extent bilked” (Thomas Carlyle).
- To elude.
- One who cheats.
- Obsolete. A hoax or swindle.
[Perhaps alteration of BALK.]
balkv., balked, balk·ing, balks. v.intr.
- To stop short and refuse to go on: The horse balked at the jump.
- To refuse obstinately or abruptly: She balked at the very idea of compromise.
- Sports. To make an incomplete or misleading motion.
- Baseball. To make an illegal motion before pitching, allowing one or more base runners to advance one base.
- To check or thwart by or as if by an obstacle.
- Archaic. To let go by; miss.
- A hindrance, check, or defeat.
- Sports. An incomplete or misleading motion, especially an illegal move made by a baseball pitcher.
- Games. One of the spaces between the cushion and the balk line on a billiard table.
- An unplowed strip of land.
- A ridge between furrows.
- A wooden beam or rafter.
[Middle English balken, to plow up in ridges, from balk, ridge, from Old English balca and from Old Norse balkr, beam.]balker balk'er n.
Ponzi scheme 龐氏騙局是指投資公司用新投資者的錢支付現有投資者的循環騙局。