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
Awesome mugs! My GF laughed her ass off, lol!!!
t-this mug changed my life. At first i was a loner but then i bought this mug and i became HIM. I thank this mug everyday for its blessings
Cute, good quality, *****!
Exactly as expected!
My order was delivered very quickly and was high quality. Glad to add it to my mug shelf.
God is still alive. The existence of this mug shows there is still faith that god is dead and is listening to us. God Bless,
Gay Label Adore this. Ordered for my husband, with the second definition on the back, about the gay filmmaker. Makes a nice discussion starter.
Top notch shipping and exactly what I hoped!!
Best mug i have ever purchased! Subscribe
I love it, but of course the definition Ichose for “Unicorn” is too long and gets cut off after “someone is remarkably attractive.” Is there any way to purchase a second mug that has the rest of the quote on it? They’d make a great set as a present. Please let me know. David Tillinghast dtilling480@gmail.com
"Turtle on my name". A tribute to the 50 odd years of misheard lyrics.
My friend couldn’t stop laughing when I gave it to him!
I got mugged A man mugged me and then said I had da big gaye
I love the costume coffee mug. What can you say that's bad about it. It's your choice after all. It's the best mug and I love it😍😍😍😍❤️❤️❤️❤️
these mugs are amazing. I can't
My Power Bottom Queen loves her eggplant colored mug and I let her celebrate her title whenever she so chooses
I use black hobby paint & small brush to add recipient’s name to back of mug (which I requested be left blank - thank you!). This is a terrific gift for hard-to-buy-for slightly warped friends! BG
good mug but why does it sometimes say creepy things to me kinda sus ngl
up ya bum
Fast shipment Better than expected!
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