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dry powder

cash (or cash-like securities) kept in reserve in case of need.
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Private equity firms were sitting on more than $1 trillion in dry powder at the end of 2011.

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Submitted on July 07, 2010

Additional definitions for 'dry powder':

dry powderA powder found in a fire extinguisher that is expelled to smother the fire
dry powderUsed other than as an idiom: see dry, powder.
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Nearby phrases

Some more phrases from our dictionary similar to dry powder

dry as a dead dingo's dongerdry updry upink isn't dry onhang out to drydry behind the earsdry updry outDRYbaking powderdry updry eyebone-drydry up

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