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
Cole M. got this for me. best sex of my life.
Got it for Cole M. girlfriend. Slowest sex of my life.
Fucking awesome. Bought this while drunk and don't regret it.
Cole M. gifted one for me on my birthday. I will never forget that day. 10/10
I didn’t get one yet but if I did it would also be for Cole M.’s girlfriend, we would have amazing sex
Was a gift and arrived on time. Just as advertised. Lots of fun.
The price is a little bit expensive, but the gift arrived as ordered. Thanks!
The price was a little expensive, but the gift arrived as ordered. Thanks!
Great mug got one for my highschool crush
I was very pleased with the mug and I was thrilled that I could purchase a customized item that perfectly suited the person I was gifting. The only issue I had was that it didn't have the quote from the tv show the word came from as that was pictured on the mug prior to purchase.
Came out just as described! Had the full definition. Very pleased!
Perfect gift As a joke I gave one to my mate but I costumised it. It said tom drunk 24/7 ugly and got lovely hair. The lovely hair part was a joke coz he don’t have any. It was his favourite gift he got for his birthday and he drinks his beer out of it 😂
Great mug…. Got one for Cole M.’s girlfriend.
I ordered a customized mug for my gf and everything came out well. There were no autocorrect mistakes and the mug was unscratched. Would shop here again
Also got one for Cole M.'s girlfriend, even faster sex.
Istgd imma force my mum to buy this idek hw i find out but this shit looks fucking fire
Perfect coffee cup for a hockey fan. Great conversation starter.
Perfect gift! My husband loved it. So funny and clever!
Great mug… got one for my girlfriend… instant sex
As always, these are well made mugs that stand up to most anything. And they make perfect gifts (in this case for dirty-minded members of a wedding party). I’m extremely pleased.
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