A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from June 21, 2009
OPM (Other People’s Money)

Entry in progress—B.P.

other people’s money (OPM)
Money borrowed as unsecured loans, or contributed by smaller stockholders (shareholders). Equated with its abbreviation’s homonym (opium) in its narcotic power on people who forget it is an obligation that must be accounted for, and repaid in some way.

Historical Dictionary of American Slang
O.P.M. n. other people’s money. Cf. O.P., O.P.’s
1901 in Partridge Dict. Und. 478: It cost me nothing to play the game, because I played it with O.P.M. (other people’s money).
1935 Pollock Und. Speaks: O.P.M., using other people’s money in any venture.
1983 in P. HellerBad Intentions216: King is essentially a brilliant con man who uses what he calls “OPM”—other people’s money—to make deals as a broker.
1984 Blumenthal Hollywood 159: OPM. Other people’s money.
1984 Santa Barbara [Calif.] News-Press (July 24)B3: Free drinks and food supplied by Brown with OPM—other people’s money.
1996 L.A. Times (Dec. 11) D6: A big equity stake—as opposed to 95% OPM other peoples’ money)—means today’s LBO financiers have much greater incentive to structure deals that work.

(Oxford English Dictionary)
OPM n. U.S. slang other people’s money.
1901 ‘J. FLYNT’ World of Graft IV. 169 It cost me nothing to play the game, because I played it with *O.P.M. (other people’s money).
1969 Time 15 Aug. 60 No institution manages more ‘O.P.M.’, or Other People’s Money, than Manhattan’s 116-year-old United States Trust Co.
1993 Bluenose (Halifax, Nova Scotia) Mar.-Apr. 8/1 It is a political flaw that hinges on OPM: Other Peoples Money.

OCLC WorldCat record
Other People’s Money
Author: Émile Gaboriau
Publisher: New York: Munro, (1883).
Series: (Seaside Library. Pocket ed., 12)
Edition/Format: Book

OCLC WorldCat record
Other people’s money
Author: Emile Gaboriau
Publisher: New York, C. Scribner’s Sons, 1904.
Edition/Format: Book : Fiction : English

OCLC WorldCat record
Other people’s money, being a story of municipal speculation and its consequences,
Author: Robert P Porter
Publisher: New York, L. Darbyshire, 1910.
Edition/Format: Book : English

OCLC WorldCat record
Other people’s money and how the bankers use it,
Author: Louis Dembitz Brandeis
Publisher: New York, Frederick A. Stokes company [1914]
Series: (Modern economic and social history preservation project)
Edition/Format: Book : Microfilm

25 October 1933, Cleveland (OH) Plain Dealer, pg. 1, col. 3:
Will Rogers Says
“O.P.M.” and “O.P.R.”
Rule Stock Market

(Plain Dealer Special)
SANTA MONICA, Cal., Oct. 24.—Mr. Roosevelt is the only man who can raise the stock market without putting up any money. The market not only operates on O. P. M. (other people’s money), but O. P. R. (other people’s rumors).

OCLC WorldCat record
OPM : other people’s money : how to attract other people’s money for your investments—the ultimate leverage
Author: Michael A Lechter
Publisher: New York : Warner Business Books, ©2005.
Series: Rich dad’s advisors
Edition/Format: Book : English : 1st ed

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Sunday, June 21, 2009 • Permalink