Belt And Suspenders

A term used to mean conservatism and safety in lending practices. Belt and suspenders has been used to describe cautious bankers who demand loan policies be very strictly adhered to.

More generally - as the use of both a belt and suspenders to hold up one's pants implies - it can mean having redundant safety procedures in place to eliminate all risk. The term can be complimentary, but it also can convey ridicule of the overly conservative.

In his book The Right Word in the Right Place at the Right Time (2004), William Safire cited several examples of the use of belt and suspenders. He notes a sentence in the Dallas Morning News from 1987: "To qualify for the Scott Burns Belts and Suspender Bank List, a bank had to have primary equity capital amounting to at least 10% of its assets."

He also mentions a piece from the Wall Street Journal, in which Clinton policymaker Robert Rubin says "We'll be belts and suspenders with respect to those," regarding restrictions about lobbying the White House upon assuming his new banking job.

Investment dictionary. . 2012.

Look at other dictionaries:

  • belt and suspenders — (USA) Someone who wears belt and suspenders is very cautious and takes no risks …   The small dictionary of idiomes

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  • belt and suspenders — (USA)    Someone who wears belt and suspenders is very cautious and takes no risks.   (Dorking School Dictionary) …   English Idioms & idiomatic expressions

  • belt and braces — /ˌbelt ən breɪsɪz/, belt and suspenders /ˌbelt ən səs pendəz/ noun ♦ a belt and braces person a very cautious lender, one who asks for extra collateral as well as guarantees for a loan …   Dictionary of banking and finance

  • Suspenders — or Galluses, known as Braces in British English, are fabric or leather straps worn over the shoulders to hold up trousers. Straps may be elasticated, either entirely or only at attachment ends, with most of the straps being of woven cloth with… …   Wikipedia

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  • suspenders — noun a) A pair of straps crossing ones shoulders and extending down to ones trousers, where a clip or button arrangement allows them to affix to the trousers, ensuring that they will not fall off. Braces. b) Small straps, attached to a suspender… …   Wiktionary

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  • suspender belt — ► NOUN Brit. ▪ a woman s undergarment consisting of a decorative belt and suspenders …   English terms dictionary

  • suspender belt — noun Brit. a woman s undergarment consisting of a decorative belt and suspenders …   English new terms dictionary

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