Amex

/ˈæmɛks/ noun

Definition

Short for American Express, a major financial company and credit card brand known for prestige and high-end service; often used as a general term for their cards.

Etymology

Acronym for 'American Express,' founded in 1850 as a shipping and banking company. The abbreviated form 'Amex' became standard by the mid-1900s, especially after they introduced the famous green and black credit cards.

Kelly Says

American Express famously rejected a loan request from Steve Jobs early in Apple's history—if they'd said yes, the ownership stake would've made them wealthier than they are now. The company's conservative lending decisions show how credit gatekeepers shape which innovations get funded.

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