death spiral


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death spiral

1. In aviation, a dangerous downward cork-screw maneuver of a disabled or uncontrollable aircraft that often leads to a crash. Also called a "spiral dive." The pilot, unaware of the plane's slight roll in the cloud bank, only realized he was in a death spiral when it was too late to overcome the dive.
2. In pairs figure skating, a maneuver in which the male partner, in a pivot position, spins the female partner with one hand in a wide circle with her body nearly parallel to the ground. The two pulled off an amazing death spiral—her head looked as though it were about to touch the ice at one point!
3. In insurance (especially health insurance), a plan in which costs rapidly increase over time due to policyholders with a lower risk opting out of the policy, forcing those dependent on it to pay higher premiums, thus prompting more low-risk policy holders to opt out and further drive up costs, and so on. I purchased my health insurance plan as a means to afford my medicine, but it turned into a death spiral when employers started offering cheaper, barebones plans that the majority of people were quick to switch to.
4. In finance, a loan given by investors to a company in exchange for convertible bonds, which can then be converted to common stock at prices lower than the market value, causing overall share prices to fall and more bondholders to trade their stock for equity, ultimately leading to a collapse of the company's stock worth altogether. To keep his company afloat, Tom was forced to take a loan that ultimately proved a death spiral, leading him to close the business anyway.
5. Any situation in which a series of events or actions, especially as a consequence of one another, ultimately lead to a point of ruin, failure, or destruction. With the recent allegations of drug abuse, corruption charges, and controversial remarks about minorities, the long-time senator now seems locked into an irreversible death spiral.
See also: death, spiral
References in periodicals archive ?
But the following backward outside death spiral and flying change foot combination got them deductions.
I agree with the contents of the open letter and like all people that wish Africa well, hope that Nigeria someday comes out of its death spiral to become a leading nation in the world.
The brazenness of the Trump administration has catalysed a death spiral in America's ability to uphold and reinforce democracy.
They argue that the Navy is on the precipice of a death spiral, wherein more overworked and damaged ships place an increasingly greater strain on the remaining operational ships, thus eroding readiness across the fleet.
Trump stepped up pressure for the repeal with a tweet Tuesday morning declaring that the Affordable Care Act, nicknamed Obamacare, "is in a death spiral.
Another audience member brought up the so-called death spiral the ACA seems to be succumbing to.
In this sequel to Death Spiral (Poisoned Pen, 2014), Faith Flores is still dealing with her mother's death and trying to put mystery-solving behind her.
Of course not, but for small and mid-sized independent broker-dealers, a pattern of several large fines paid over the last couple of years can be enough to spur a death spiral.
The policies that have been written have devolved into the expected death spiral.
We may be beginning to see the death spiral of insurance plans in the exchanges.
In October 2015 astronomers announced that they had discovered a rocky object coming apart in a death spiral around this distant star.
The Court describes this death spiral as premiums rising, people (generally the healthier people) forgoing health insurance based on the increased premium cost, and insurers leaving the market altogether.
The President entered negative territory with his stubborn defense of [the Disbursement Acceleration Program and Budget Secretary Florencio Abad], then went on a death spiral with Mamasapano," he said.
If the court buys Carvin's case on subsidies, ''the states are being told either create your own exchange or we'll send your insurance market into a death spiral,'' Kennedy said.
This historic death spiral for an overtaxed and -regulated economy can be reversed before a collapse, but it requires courageous leadership.