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Possible Answers:
BOA.
Last seen on: LA Times Crossword, Sat, Mar 25, 2023
Random information on the term “Drag strip?”:
A dragstrip is a facility for conducting automobile and motorcycle acceleration events such as drag racing. Although a quarter mile (1320 feet, 402 m) is the best known measure for a drag track, many tracks are eighth mile (201 m) tracks, and the premiere classes will run 1,000 foot (304.8 m) races. The race is begun from a standing start which allows three factors to affect the outcome of the race: reaction time, power/weight ratio, and traction.
A dragstrip is a straight, purpose-built racetrack, typically an eighth, ten feet longer than three-sixteenths, or a quarter of a mile long (660/1,000/1320 feet, 201/304.8/402 m), with an additional shutdown area to allow vehicles room to stop after crossing the finish line. Common features also include a ‘water box’ where vehicles and motorcycles start their burnouts for tire clean-up and also to heat up their tires to improve traction. There is a set of lights known as a ‘Christmas Tree’ that counts down to the start. There are also return lanes for the vehicles to return from the end of the track to the pit area.
Random information on the term “BOA”:
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second-largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
One branch of its history stretches back to the U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904, which provided various banking options to Italian immigrants who faced service discrimination. Originally headquartered in San Francisco, California, Giannini acquired Banca d’America e d’Italia (Bank of America and Italy) in 1922. The passage of landmark federal banking legislation facilitated a rapid growth in the 1950s, quickly establishing a prominent market share. After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for US$62 billion. Following what was then the largest bank acquisition in history, the Bank of America Corporation was founded. Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively (since renamed BofA Securities).