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 awesome mug I gave this mug as a secret Santa gift and and my cousin still uses it to this day. It is truly a awesome mug and it deserves 5 stars.
i shit in it
I cumed in my pants when it arrived in the mail. no more porn, just mug
i love it. my friend loved it. yay. now i'm happy and not depressed anymore.
You can't get a mug from any other dictionary site
Was quality and delivered quick our friend loved it!
Quality and style are outstanding relative to price point.
Quick delivery, easy ordering, unique and special gift!
My coach loves it. I gave this to my coach and she was over the moon. Ever been hugged by an Olympic gold medalist?
Perfect cuup of coffee size, and the printing is spot on!
Arrived speedily and exactly as pictured.
I LOVE GETTING THE FUCKING MUG
The wife absolutely loved it for her birthday
it was the best and it was so worth the 10000000000 dollars
Can we really send one to Trump? That's where mine is going. Anyone who gets it will see it as a compliment, I'm sure. Love my mug and love that new "urban dictionary" term: Celebritrash. It'll be in the mainstream dictionaries next week.
My friend saw the message on the cup ordered at a mutual friends house. We think it’s hilarious so had to put it on a coffee cup. Funny, great Christmas present. If she can’t use in public she can always use at home for pens and pencils on her desk!
Bought the "Bump Down" mug for my boyfriend, he thought it was the greatest and couldn't believe I'd actually found something with the phrase on it!
Great mug but i can't manage to get it out of my asshole again
First heard the term “Cheddar Headed” from the song Feel Good by the Gorillaz. Had to look it up and found the definition hilarious and at times very true! So......had to have it! Took it to work and it definitely made an impression. Hahaha!
This was purchased as a gift , and it describes the recipient perfectly . It arrived sooner than expected, and I am very impressed with the quality .
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