kangaroo

Etymology

Borrowed from Guugu Yimidhirr gangurru (“eastern grey kangaroo”).

noun

1. A member of the Macropodidae family of large marsupials with strong hind legs for hopping, native to Australia.
   Besides the Animals which I have before mentioned, called by the Natives Kangooroo, or Kanguru […]. 4 August 1770, James Cook, Journal
   In the woods are the kanguroo, the emu or cassowary, paroquets, and a variety of small birds […]. 1814, Matthew Flinders, A Voyage to Terra Australis
2. (Canada, attributive) A hooded jacket with a front pocket, usually of fleece material, a kangaroo jacket.

verb

1. To practice kangaroo care on an infant; to hold a premature infant against the skin.
2. (intransitive) To hunt kangaroo.
3. (intransitive) To move like a kangaroo.

adj

1. Of or relating to Australia.
   The rapid growth in Kangaroo bond issues in the Australian market has given rise to an interest in the nature, trend and impact of this type of bond on Australia's international investment statistics. While Kangaroo bonds have been issued for a ... 2005, Year Book Australia: 2006, Aust. Bureau of Statistics, page 708
   Furthermore, the issuers access the kangaroo bond market in order to diversify their funding sources. ... driven by factors such as the relative cost of issuance, including hedging costs and the liquidity of underlying derivative and bond markets. 2017, Jeff Madura, CHANDRASEKHAR & MADURA KRISHNAMURTI (JEFF & HOQUE, ARIFUL.), Ariful Hoque, International Financial Management with Student Resource Access 12 Months, Cengage AU, page 667
   Non-resident. bonds. Bonds issued in the Australian market by non-resident entities are known as kangaroo bonds. Figure 8.6 shows that kangaroo bonds represent approximately one-third of non-government bonds outstanding, making them ... 2018, Ben Hunt, Chris Terry, Financial Institutions and Markets, Cengage AU, page 206
   3.1.2 The Australian dollar in the global bond market An internationalized currency also serves non-residents as a store of value ... borrowers issuing Australian dollar bonds in the domestic market (foreign bonds known as ' kangaroo bonds'). 2009, W. Peng, C. Shu, Currency Internationalization: Global Experiences and Implications for the Renminbi, Springer, page 62
   The market is comparatively liquid and the bonds are free of withholding tax if the funds are used overseas. The Commonwealth Bank has largely pioneered the market. It led the first kangaroo issue, a $150million offering by the (South) Korea ... 1998, Business Review Weekly: BRW
   Some onshore markets have competed more successfully than others. Issuance in the Kangaroo bond market (Australian dollar bonds issued onshore by non- residents) soared over the 2002–06 period due to a combination of factors. While a ... 2010, Susan Black, Anella Munro, Why Issue Bonds Offshore?
2. (finance, investments) Characterized by rapidly jumping prices in securities markets or by belief that the prices are unstable in contrast to bear and bull markets.