tip
Language: English
Part of speech: verb
Pronunciation: ipa: /tɪp/
rhymes: -ɪp
Forms: form: tips
form: tipping
form: tipped
form: tipped
Etymology: Probably from tip (“to give, pass”) or tip (“to tap”), or a combination of the two.
Senses: examples: text: Dirks was an investment analyst who learned from a former employee of Equity Funding that the company had been fraudulently manufacturing insurance policies. Dirks tipped several institutions which then liquidated $16 million in Equity Funding stock before the fraud was exposed and the bottom fell out of the market. According to the Court, Dirks was a hero for (eventually) exposing the fraud. The SEC's censure of Dirks for tipping inside information was reversed because, the Supreme Court held, the liability of a tippee derives from that of the tipper. If the tipper is without sin, so is the tippee. Here, the employee's purpose in informing Dirks was to expose the fraud, so the tipper breached no duty. Moreover, according to the Court, for there to be a breach of duty, there must be personal benefit (in the form of pecuniary gain or reputational benefit that will translate into future earnings) arising to the tipper from the disclosure.
ref: 1987 October 1, Charles W. Murdock, “Heard It Through the Grapevine: The Future of Insider-Trading Laws”, in ABA Journal, volume 73, number 12, pages 104 of 100–108:
text: In rare instances, the provision logically could apply to the private right of action given to contemporaneous traders to recover for insider trading (e.g., a case where an insider tipped an associate about some forthcoming corporate event, and the tippee was found liable based on recklessness).
ref: 1996, Donald C. Langevoort, “The Reform of Joint and Several Liability Under the Private Securities Litigation Reform Act of 1995: Proportionate Liability, Contribution Rights and Settlement Effects”, in The Business Lawyer, volume 51, number 4, The American Bar Association, pages 1163 of 1157–1175:
text: If the institutional trading patterns we observe are a result of tipping, rather than precipitated by some other event, then we should see only a slight increase in the number of institutions active in the market (tipping would precipitate entry by, at most, the few institutions that were tipped). At the same time, given the nature of the reports, we should see an increase in the average buying activity of institutions (we cannot identify the specific institutions that were tipped, so we can only look at averages) and see little change in selling.
ref: 2007, Paul Irvine, Marc Lipson, Andy Puckett, “Tipping”, in The Review of Financial Studies, volume 20, number 3, pages 755 of 741–768:
glosses: To give a piece of private information to; to inform (someone) of a clue, secret knowledge, etc.
examples: text: The rest of Saturday’s games have tantalising opportunities for upsets – but I’m going to tip conservatively.
ref: 2022 May 5, Tim Miller, “The Roar's AFL expert tips and predictions: Round 8”, in The Roar:
text: I tipped all the home teams except for the Sharks and Storm.
ref: 2010 April 23, Spiral, “Stampede Tipping Comp 2010!”, in Cowboys Stampede:
glosses: To enter a prediction of the winning team of a football game, as part of a footy tipping competition.
examples: text: I'm tipping that, although complex accounting treatments tend to separate capital items and recurrent programs and impede overall visibility, there are significant overspends across the infrastructure portfolio.
ref: 2019 April 27, John Pesutto, “Austere pay rises would conflict with case for a 'living wage'”, in The Age:
text: Liz Truss is widely tipped to defeat rival Rishi Sunak to become the new British prime minister.
ref: 2022 September 4, Dominic McGrath, “Truss tipped to win UK leadership race”, in The Canberra Times:
text: The prime minister was widely tipped to call the election this weekend for 12 April, allowing Labor to avoid a pre-ballot budget that is expected to confirm a return to deficit.
ref: 2025 March 8, “Federal government to hand down 25 March budget after Tropical Cyclone Alfred delays election announcement”, in The Guardian:
glosses: To predict something having a particular outcome.
Derived terms: tip off
tipping
footy tipping