Tranched Value Security (TVS)
(FINANCE) patent pending a financial derivative that splits the value of underlying asset in various proportions, each of which has a specific seniority level (less senior cannot be executed before the senior one). It allows the owner to claim either fixed monetary value or variable value share of underlying asset, depending on the specific Tranched Value Security's seniority. A Tranched Value Security (TVS) allows one to get a risk and return exposure to the specific level of underlying asset price risk, as opposed to previously existent derivatives that allowed to do so with the entire asset price only. Within such design of financial security, owner of TVS is able to reap significant profits by taking limited risk. One could issue a Senior and Junior Tranched Value Securities, each having a variable value share of 50%, and fixed value share of $40, backed by (say) one Bitcoin when it's price was $100. If consequentially the Bitcoin price declines to $80, the Senior TVS would remain at $50 (0% return), while the Junior TVS would become $30 (-40% return). With subsequent price correction to $110 per one Bitcoin, both TVSs would have a claim of 50% of market price ($55), making the return of Senior TVS +10%, and return for Junior TVS +83%.
The Urban Dictionary Mug
Just wish it could have had a little more of the text on the mug, but otherwise it's great. What a clever marketing idea to be able to get this on t-shirts and mugs.
I spent the money and directly sent this to be the pettest person ever to a person who was doing this to me. It was awesome
It’s a sturdy ceramic mug. A little pricey, IMO, but I really wanted this definition on a mug. ¯\_(ツ)_/¯
Just what is needed for someone’s desk during the pandemic and beyond when they have to “MacGuyver” to make things happen.
Best purchase of my life, it's all downhill from here!
The Urban Dictionary offers one-of-a-kind products in its Coffee Mugs if you want to purchase something interesting. A bit off-center and not the norm. This is the place to be. Customer service is responsive to your query when asking a question. All Good.
Bought the mug, Holds up like a charm!! I was "Botello'd" by my wife so I think its fitting
Bought the mug. Holds up like a charm. I got "Botello'd" by my wife. Makes me feel nice.
Just as described. A fun line of products. Have already ordered others. Thanks!
You should get the penis mug. It's pretty elite - Elongated Muskrat
Loved how fast this arrived! Fun blast from the past... Dana Hills Dolphins!
It shows exactly what I want!!
its an alright mug. its moderate. mid. not the best. not the worst. pretty normal. if it was the weather it would be 50 degrees F. something so unexperiencing and experiencing at the same time. if it was on a number line, it would be in the center. i rate it a 5/10.
I can't believe my name became a meme. I love this mug.
Got a Fratz at home Love this mug. Fratz means kinda perky darling in my language, and since my darling loves to fratz when I'm around (that's indeed often) this is THE perfect gift for her.
Give me the mug
give me mug
I Really enjoyed to color options and the mug is made of very good material and i will be buy much more in the near future these mugs are the absolute best
Jana loves her mug. Drinks from it everyday and counites to inspire her. Thank you so much for this gift
Best mug ever!
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