jitney was our Word of the Day on 01/10/2017. Hear the podcast!
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Recent Examples of jitney from the Web
The new motorcars led to a jitney craze in cities across the country.
Long before Uber came around America had jitney drivers using their personal vehicles to cart paying passengers around.
America’s first carpooling system can be traced back to the early 1900s, when jitneys – private drivers looking to make extra money – started popping up in Los Angeles.
In San Francisco, a fleet of 600 jitneys began carrying passengers from the Ferry Building to the Castro for 5 cents.
This incident proved the undoing of the jitney gang.
Donahue's Dodge Charger crashed into a jitney bus near the center tube of the tunnel.
Chariot, a San Francisco jitney service star tup, gives Ford a new business in urban markets.
Simultaneously serving as their kids’ drill masters, coaches, instructors, one-on-one opponents, hype men, financiers, advisers, protectors, bouncers, dietitians, jitneys, critics, vision boards, sponsors, and parents.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'jitney.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Did You Know?
Jitneys weren't worth a dime - just a nickel. In the early 1900s, jitney was slang for "nickel," but it wasn't long before the term was applied to a new mode of public transportation that only cost a nickel. When they were introduced in American cities at the beginning of the century, vehicular jitneys could be any automobiles that carried passengers over a set route for a cheap fare, but eventually the term was applied specifically to small buses. In the mid-1900s, the word jitney was combined with jeep to create a new coinage: jeepney, meaning "a Philippine jitney bus converted from a jeep."
Financial Definition of JITNEY
What It Is
How It Works
Let's say John Doe and Jane Smith are brokers. They are trying to drive up demand for Company XYZ stock, which is a penny stock that trades on the OTC markets.
To do this, John buys 2,000 shares of the stock and sells them to Jane. Jane then sells them back to John, who sells them back to Jane. Each time the shares trade, the reported trading volume of the shares increases by 2,000. Soon, other investors notice the spike in trading volume, and not knowing that it's because two brokers are acting illegally, decide to invest in the stock.
Why It Matters
Jitneys are illegal because they distort the market. Their name comes from the slang term for anything that is of poor quality or cheaply made.
Seen and Heard
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