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 ?
The post Amazon fires spark worries of a 'death spiral' (V) appeared first on Cyprus Mail .
As House of Fraser's future became terminal, he thought it suitable to retain extravagances not appropriate to a business in its death spiral."
Ive, 52 and a native of Britain, was responsible for the design of all Apple's major products, including the redesigned iMac in 1998, the product that helped Apple climb out of a death spiral. He also designed the look and feel of iPhone, Apple's most successful product.
Honesty in resource management by avoiding the resource "death spiral" is a start.
This is shown in our new Riot Report: "IoT M&A Activity enters death spiral The land-grab is over" from Rethink Technology Research's Riot.
And yet cryptocurrency enthusiasts seem to ignore the fact that Bitcoin could yet enter an even more extreme death spiral. Bitcoin is not the only cryptocurrency whose market capitalisation has been hammered.
In an issue where the cover is about the death spiral of print journalism at two of Missouri's great newspapers, it may seem contradictory to say we are living through the most exciting time in journalism since the advent of the printing press.
The retailer that began as a mail order catalog in the 1880s has been in a slow death spiral, hobbled by the Great Recession and then overwhelmed by rivals both down the street and across the internet.
The Series D preferred has a 'death spiral' provision that takes effect in just under five years and will wipe out the common shareholders - giving the company about three years to find a solution.
The industry seemed locked in a death spiral, but the Powers That Be at DC Comics had an idea to reverse their fortunes.
It is now accepted heroic Captain Barney O'Beirne, 35, wrestled the aircraft from its death spiral to level off at 1,000ft.
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.
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." He cited the government's announcement Monday that some two million enrollees who signed up for Obamacare have dropped out this year.
Another audience member brought up the so-called death spiral the ACA seems to be succumbing to.