stooze

stooze

English

Etymology

Apparently coined in 2004 from Stooz, nickname of a contributor to Motley Fool Internet message boards.

Verb

stooze (third-person singular simple present stoozes, present participle stoozing, simple past and past participle stoozed)

1. (slang) To borrow money at low to no interest for the purpose of making a profit by depositing it for higher interest.
   • 2005, Martin Lewis, The Money Diet: The Ultimate Guide to Shedding Pounds Off Your Bills, →ISBN, page 78:

     My reason for including Jack's inspiring comments is less about the practical point of how to stooze and far more about thinking.

   • 2010, Jonathan Yates, Freesourcing: How To Start a Business with No Money, →ISBN:

     To stooze, you transfer the balance from the credit card and stash it in a high-interest savings account, one with as high a rate of interest as possible.

   • 2014 June 19, Sophie Christie, “£5000 a year for nothing: could 'stoozing' make a comeback?”, in The Telegraph:

     In order to stooze effectively, you need credit cards which allow you to make payments to a current account or other bank account where you could then earn interest.

   • 2015 November 17, Amelia Murray, “Return of 'stoozing': how you can profit again from 0pc credit cards”, in The Telegraph:

     So the best way to stooze is likely to involve putting as much of your spending as possible on to a card that charges 0pc on purchases.