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Finance Dictionary and Glossary of Investment Terms
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Definition 1.
A nickname for the Washington Public Power Supply System, which in the 1970s raised billions of dollars through municipal bond offerings, the projects that never materialized. WPPSS defaulted on the payments to bondholders.
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Definition 2.
Slang for the Washington Public Power Supply System (WPPSS). The WPPSS made the record books with the largest municipal bond default in history.
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