Noun
pobs pl (plural only)
(Northern England) Pieces of bread soaked in hot milk used as a comfort food for children during illness
According to a chart devised by UBS, from 2008-2012, it would cost just over $1 billion for debt service and pension infusions if the town keeps funding the account without POBs. Source: Internet
“POBs involve considerable investment risk, making this goal very speculative,” says the Government Finance Officers Association, which frowns upon them. Source: Internet
Youngs also said that much of the notoriety attached to POBs had to do with cities like Oakland, who had their own pension system and acquired relatively high interest debt through POBs. Source: Internet