ES 7-25-17 : Hot Topic

3-6-3 Rule

Search Dictionary

Definition of '3-6-3 Rule'

The 3-6-3 rule was first mentioned in Liar's Poker by Michael Lewis when he used it to refer to the 3-6-3 club who are a money lenders (thrifters) who borrow money at 3%, lend it at 6% and are out on the golf course by 3pm. Michael Lewis' typical 3-6-3 man was a balding, middle-aged man who thought of nothing but money.

The term has become common slang to refer to the practices of the Savings & Loans (S&L) industry in the pre-internet days. Increased competition due to the popularity of the web has forced tighter margins onto this industry.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.