to break the buck
- idiom
- Literature
- Europe was healthy before 2008 and before the cabal broke the buck.
Examples
-
When the Reserve Primary Fund broke the buck, it caused panic among investors who had trusted its stability.
-
One huge money market fund broke the buck, as they say.
-
If Tether breaks the buck, crypto is in massive danger.
-
Last year, a major money market fund broke the buck when its share price fell below one dollar.
-
Investors were worried when the fund broke the buck, signaling trouble in the financial markets.
Synonyms
To fall suddenly in value, especially for prices or markets
A loss for investors that happens when a money market fund's share falls below one dollar
Antonyms
How Low
Surface Forms
Morphology
While 'buck' clearly denotes a dollar and 'break' suggests causing a failure or crossing a limit, the specific technical sense 'to fall below one dollar' is specialized financial jargon and not directly derivable from the literal parts. A B1 learner who knows the constituent words would likely not predict the precise monetary threshold meaning without prior exposure.
Etymology
Break the buck comes from money funds that try to keep each share worth one dollar. If the share price falls below that one-dollar mark, the fund is said to break the buck, so the phrase means 'to fall below one dollar'.