- noun a wealthy but stupid and/or unpleasant person. A late 1980s acronym from ‘loads of money but a real dickhead’, coined by yuppies to refer particularly to young moneymakers in the City of London, on the lines of expressions such as dinky, nimby, etc. The word’s resonance is enhanced by the role of London’s Lombard street as the home of banking and insurance companies. (The historical Lombards were incidentally a 6th-century Germanic people who invaded northern Italy and became known as money-lenders.).