Whoops


Whoops
Slang for the Washington Public Power Supply System (WPPSS), which made the record books with the largest municipal bond default in history.

During the 1970s and 80s, the WPPSS financed the construction of five nuclear power plants through the issuance of billions of dollars worth of municipal bonds. In 1983, due to extremely poor project management, construction on a couple of plants was canceled, and the completion of construction on the remaining plants seemed unlikely. Consequently, the take-or-pay arrangements that had been backing the municipal bonds were ruled void by the Washington Supreme Court. As a result, the WPPSS had the largest municipal debt default in history.... Whoops!


Investment dictionary. . 2012.

Look at other dictionaries:

  • whoops — [ wups, hwups ] interjection 1. ) used when a small accident happens, for example when you drop something, or when someone falls: Whoops! Watch what you re doing! 2. ) used when you realize that you have just said something that should have… …   Usage of the words and phrases in modern English

  • whoops — [wups] interjection [Date: 1900 2000; Origin: Probably from oops] 1.) said when someone has fallen, dropped something, or made a small mistake ▪ Whoops! I nearly dropped it. 2.) whoops a daisy said when someone, usually a child, falls down …   Dictionary of contemporary English

  • whoops — (also whoops a daisy) ► EXCLAMATION informal ▪ expressing mild dismay. ORIGIN probably from UPSY DAISY(Cf. ↑upsy daisy) …   English terms dictionary

  • whoops — exclamation of dismay, 1925; see OOPS (Cf. oops) …   Etymology dictionary

  • whoops — [hwoops, woops; hwo͞ops, wo͞ops] interj. used to express sudden or surprised dismay, or, sometimes, implied apology, after one has blundered, tripped, broken something, misspoken, etc …   English World dictionary

  • whoops — [[t](h)w ʊps[/t]] EXCLAM (feelings) You say whoops to indicate that there has been a slight accident or mistake, or to apologize to someone for it. [INFORMAL] Whoops, that was a mistake... Whoops, it s past 11, I d better be off home. Syn: oops …   English dictionary

  • whoops — UK [wʊps] / US / US [hwʊps] interjection 1) used when a small accident happens, for example when you drop something, or when someone falls Whoops! Watch what you re doing! 2) used when you realize that you have just said something that should… …   English dictionary

  • whoops — interjection 1 used when someone has fallen, dropped something, or made a small mistake: Whoops! I nearly dropped it. 2 whoops a daisy used when someone, usually a child, falls down …   Longman dictionary of contemporary English

  • whoops — /wʊps / (say woops) interjection (an exclamation of mild surprise, dismay, etc., especially in reaction to an instance of stumbling, falling over, or bumping into someone or something, or in recognition of a mistake.) Also, whoops a daisy, woops …   Australian English dictionary

  • whoops —  Washington Public Power Supply System. WHOOPS became (in)famous in the 1980s for its inept management of multiple nuclear power plant development projects, resulting in default on its bonds, the largest default in municipal bond history in the… …   American business jargon


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