go-around

1. An argument; a go-round.
2. An evasive excuse; a runaround.

Term used to describe the process whereby the trading desk at the New York Federal Reserve Bank ("the Desk"), acting on behalf of the Federal Open Market Committee, contacts primary dealers for bid and offer prices. Primary dealers are those banks and investment houses approved for direct purchase and sale transactions with the Federal Reserve System in its Open Market Operations.

Process of soliciting competitive quotes from dealers when the Federal Open Market Committee buys (or sells) securities in the open market, in carrying out the Fed's monetary policy. The go-around, a telephone survey by the Open Market Desk at the Federal Reserve Bank of New York, signals the Fed's intention to do business with primary government securities dealers. Buying securities increases bank reserves, or funds available for bank lending; selling securities has the opposite effect.

1.  Also, go round. Satisfy a demand or need, as in Is there enough food to go around? [Mid-1800s]
2.  Same as go about, def. 1.
3.  go around with. Same as go with, def. 1.
4.  go or run around in circles. Engage in excited but useless activity. For example, Bill ran around in circles trying organize us but to no avail. This idiom was first recorded in 1933. For what goes around comes around, see under full circle.

The noun has one meaning:

Meaning #1: an approach that fails and gives way to another attempt
  Synonyms: overshoot, wave-off