What's the difference between galleon and galleot?
Galleon
Definition:
(n.) A sailing vessel of the 15th and following centuries, often having three or four decks, and used for war or commerce. The term is often rather indiscriminately applied to any large sailing vessel.
Example Sentences:
(1) Consequences That transaction, which produced a quick profit of $700,000 (£420,000), is said to have kicked off a pattern of insider trading that yielded $20m for Galleon over three years.
(2) "I have decided that it is now in the best interest of our investors and employees to conduct an orderly wind down of Galleon's funds while we explore various alternatives for our business," wrote Rajaratnam.
(3) Backed by a breezy 2km-long promenade, the calm water is perfect for swimming, while sunken galleons are a huge draw for scuba divers.
(4) In an impassioned speech to Galleon employees yesterday evening, Rajaratnam, who is out on $100m bail, insisted he was innocent.
(5) In common with most other hedge funds, Galleon's customers are only allowed to withdraw money at pre-set intervals and must give 45 days' notice if they want to exit.
(6) From Walter Raleigh robbing Spanish galleons through the Empire to the rise of the turbo-charged gambling banks, 400 years of history tells us that deep in the DNA of the British there is a propeller forcing us to forsake planning in favour of dodging and weaving to make our way in the world.
(7) The speed and scope of redemptions has left Galleon's traders hurrying to liquidate investments.
(8) There's also an ancient artisan who makes to-scale, seaworthy replicas of galleons and clippers using original shipbuilding techniques - he receives commissions from VIP clients, and did a ship for George Bush.
(9) He is accused of making at least $20m of profit at his US fund, Galleon Group, through illegal tips from inside sources about companies including IBM, Intel, Google and the Hilton hotel chain.
(10) Although the alleged proceeds from these tips were relatively small in the context of Galleon's multibillion-dollar operation, they have prompted suspicions about the forces behind the firm's stellar performance – Galleon's flagship Diversified fund has claimed an annual return of more than 23% to investors.
(11) Goel is accused of passing on tips about an investment by Intel in an internet service provider, Clearwire, allowing Galleon to trade shares at a quick $579,000 profit.
(12) First, there is the ill-feeling passed down from the Spanish colonisers, who saw the British first pillage their galleons and then gradually usurp their empire - this explains the still prevalent Argentine habit of calling the English piratas, as per the man who called into a Buenos Aires radio station to lament Beckham's injury because 'now those pirates will have an excuse when they lose'.
(13) Between the fishing boats and white yachts bobs the quaint tourist restaurant Le Marseillois, afloat on a piratical wooden galleon.
(14) A replica of a Spanish galleon bobs awkwardly in a man-made pond.
(15) Many of them are said to be updating their CVs with a view to finding new jobs and two of Galleon's leading brokers, Barclays and Bank of America, have told Galleon they will no longer work with the firm.
(16) Just days after Rajaratnam was arrested as he prepared to take a flight from New York to London on Friday, clients have told Manhattan-based Galleon they want to take out more than $1bn (£612m) of the firm's $3.7bn of assets under management.
(17) Staff at Galleon have spent the past few days preparing their CVs and contacting headhunters in the hope of securing employment elsewhere.
(18) At its peak in the early years of the decade, Galleon was one of the world's 10 largest hedge funds, at one point managing more than $7bn.
(19) When protesters stormed Yanukovych’s compound they found gold-plated golf clubs, a petting zoo and a replica of a Spanish galleon moored in a manmade lake.
(20) Rajaratnam established Galleon in 1996 after a successful career as an analyst at a US stockbroker, Needham & Co. His firm's funds have produced a remarkable annual return of 22% and have amassed some $6bn under management.