closed triangle

A sexual relationship involving three partners, all of whom have sexual contacts with each other. C.f. an open triangle, in which two of the members do NOT have sexual relations with each other.

An obvious attribute of a closed triangle is that at least two of the members must be bisexual or homosexual.
A common sexual fantasy for both men and women is the "closed triangle"; it's appeared as a theme in several novels, including Ernest Hemingway's _The Garden of Eden_. As a literary theme, however, it nearly always ends sadly, perhaps because even in their fantasies writers are bound by plausible expectations.
by Abu Yahya March 21, 2010
mugGet the closed trianglemug.

green mind

Philippine slang for someone who thinks compulsively erotic thoughts; dirty minded; the tendency to give innocent phrases a sexual connotation.

Occasionally the use of the term "green minded" by Usonian English speakers (to mean "environmentally conscious") causes Pinoys great amusement.
WILLIAM: How long have you lived here?

ALFREDO: Ever since I came in the USA

WILLIAM: Dude, you had sex with the USA? Did she get pregnant?

ALFREDO: Aw, man, you have a green mind!
by Abu Yahya February 22, 2010
mugGet the green mindmug.

commodity fund

(FINANCE) a mutual fund that trades in commodities or commodity derivatives. This can include commodity index funds.
Usually a commodity fund makes its returns by trading derivatives rather than the underlying commodity.
by Abu Yahya April 15, 2010
mugGet the commodity fundmug.

repo desk

(FINANCE) department of a securities firm that specializes in repurchase agreements. A repurchase agreement is a type of short-term loan in which a borrower sells a security (like a share of stock) and agrees to buy the same security back in a few days.

From the point of view of the counterparty buying/re-selling the stock, this deal is known as a reverse-repo. Reverse-repos are useful to brokerages because they allow the brokerage to short the stock.
Through a repo desk, the bank can finance short-term borrowings on behalf of itself and its clients. The repo desk makes money by charging interest on typically very short term loans - 1 to 5 days.
by Abu Yahya September 28, 2010
mugGet the repo deskmug.

LLP

(US BUSINESS LAW) limited liability partnership; a type of business organization which is a cross between a partnership and a corporation. In a private partnership, all of the partners own all the assets in common and have unlimited liability; in a corporation, the firm assets are owned by a legal "person," and shareholders are liable only for the value of their stake (equity) in the firm.

Partnerships have higher risk for members, but their management can disclose a lot less and the taxes are lower. Limited/limited liability partnerships represent a compromise.

In a limited partnership, one or more of the partners has unlimited liability ("general partners") and the others have liability limited to their equity stake in the firm ("limited partners"). A limited partnership is indicated by the initials "LP" after the name, e.g. Apollo Management, LP.

In a limited liability partnership, all members have limited liability; specifically, the other partners of the LLP are shielded from torts for malpractice against the other partners, BUT they are legally responsible for financial claims against the whole organization. LLP liability varies somewhat by state law (several US states do not permit LLP's at all), and somewhat by the terms of the LLP agreement for that particular partnership.

Apologies to Urban Dictionary for an error in the definition of private equity fund and hedge fund: both types of fund are almost never LLP's; they are often limited partnerships (LP's).
At the first meeting of the law partners, it was decided to adopt an LLP form of business.
by Abu Yahya September 02, 2010
mugGet the LLPmug.

finance capital

(ECONOMICS) money that is used by a business to buy fixed capital or circulating capital. For a very new company or a company expanding extremely quickly, finance capital can sometimes be used to pay workers (before revenues overtake operating costs).

Finance capital can be borrowed from a commercial bank, raised by an investment bank (through an issue of stock; see initial public offering) or though a bond issue, commercial paper, or even a repurchase agreement.
The ultimate purpose of stock exchanges like the NYSE is to raise finance capital.
by Abu Yahya September 25, 2010
mugGet the finance capitalmug.

covering risk

(FINANCE) using financial derivatives to guarantee against losses. Typically used by non-traders, such as companies engaged in international commerce, to protect themselves against foreign exchange risk (i.e., the possibility that a customer's currency will decline in value).
BILL: You know, I think that financial derivatives are just a huge sinkhole. The people who trade them are just a bunch of wankers who move bits of paper around but add nothing of value.

ANNA: Well, they do provide some important benefits.

BILL: Name one.

ANNA: Covering risk, for one. If you're an airline, you need those aviation fuel options.
by Abu Yahya April 15, 2010
mugGet the covering riskmug.