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
Really fast and looks great! Took a chance on Christmas gift and it was a success!
Awesome mug feels really nice good weight and color although I think the shade could be a little brighter when it comes to the highlighter yellow, I am still pleased with the outcome and the fact that a whole passage was so neatly printed onto the product, very pleased with the packaging too! That made it so easy to wrap just in time for Christmas. Who knew!!
okay so the mug was mid but when you have a genz meme and give it to one of the most serious people you know then it's pretty funny
Nice mug, great feel‼️
Perfect!
Good quality ceramic cup! Worth the novelty price!
Perfect gift for my gf
Looks great! Came quick
Gave it to my nerd brother. He used it consume liquid
Love it
as a fan of non-Z-generation-UD (since 2000 more or less) , especially of old-school definitions ("phat!") (as Nick, the more time passes by, the more I reach my inner age = 75 XD) , I totally appreciated the delivery in time for Christmas! (whispering) Perhaps printing quality in the Spain printing company is not as good as in the US, but - hey! - I got it before Christmas as a gift for my thank-God-non-Gen-Z-sister! ;) hugs from the eighties, and from Italy, and thanks! Mario
This is SO cool. Morning coffee will always memorialize my new addition to the English lexicon.
Too inappropriate
Item came at appropriate time in good condition.
epic
Got exactly what I wanted. Very happy with my mug.
It came faster than I thought it would and it looks great!
i am literally shitting literal bricks please help my asshole is on fire
Looked great, came earlier than expected, and in perfect condition!
It came faster than I thought it would and it looks great!
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