kangaroo

noun

1. A member of the Macropodidae family of large marsupials with strong hind legs for hopping, native to Australia and New Guinea.

   “Besides the Animals which I have before mentioned, called by the Natives Kangooroo, or Kanguru […].”

   “In the woods are the kanguroo, the emu or cassowary, paroquets, and a variety of small birds […].”

   “A lobbying effort by the Australian government to continue the trade of kangaroo skins and meat to California has failed, with the US state set to impose a ban on the import of the animal. […] Australia’s states and territories oversee management of kangaroos and wallabies but the federal government is involved in exports.”

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. (not-comparable)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 ...”

   “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.”

   “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 ...”

   “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').”

   “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 ...”

2. (not-comparable)Characterized by rapidly jumping prices in securities markets or by belief that the prices are unstable in contrast to bear and bull markets.