Swagatude
Having swagatude within both characteristic of being a parent.
Swagatude by THEE BLACCKK BEAUTY EFFECT March 26, 2021
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credit default swap
(FINANCE) financial instrument in which buyer is someone who needs insurance against the possibility that a borrower will default on a loan. In that case, the counterparty is whoever receives the CDS premiums, and pays out in the event of default.
WHY IT'S BAD
Loans are usually made by either commercial banks (in which a loan officer is supposed to make a professional assessment of risk of default before handing over the money), or by investment banks (which underwrite securities like bonds). If the borrower has a high risk of default, then the loan should not be made--period.
Credit default swaps were a stupid method of supposedly turning a bad loan into a "risky" (and potentially high-yield) "investment"; they were in reality a strategy for fraud. Since portfolio managers knew they were bundling securitized loans that contained mostly crap, they would arrange credit default swaps and cash in when the borrowers defaulted.
WHY IT'S BAD
Loans are usually made by either commercial banks (in which a loan officer is supposed to make a professional assessment of risk of default before handing over the money), or by investment banks (which underwrite securities like bonds). If the borrower has a high risk of default, then the loan should not be made--period.
Credit default swaps were a stupid method of supposedly turning a bad loan into a "risky" (and potentially high-yield) "investment"; they were in reality a strategy for fraud. Since portfolio managers knew they were bundling securitized loans that contained mostly crap, they would arrange credit default swaps and cash in when the borrowers defaulted.
What the bankers hit on was a sort of insurance policy: a third party would assume the risk of the debt going sour, and in exchange would receive regular payments from the bank, similar to insurance premiums. JPMorgan would then get to remove the risk from its books and free up the reserves. The scheme was called a "credit default swap," and it was a twist on something bankers had been doing for a while to hedge against fluctuations in interest rates and commodity prices.
{Newsweek, "The Monster That Ate Wall Street," 27 Sep 2008}
{Newsweek, "The Monster That Ate Wall Street," 27 Sep 2008}
credit default swap by Abu Yahya July 17, 2010
Ron Swanson
The most badass TV character in history. Appears on NBC's Parks & Recreation and is known for his deadpan, masculine presence as an ultraconservative parks director for Pawnee, Indiana. A local government official who hates all things government, Ron Swanson sets the bar for manliness.
"I got my first job when I was nine. Worked at a sheet metal factory. In two weeks, I was running the floor. Child labor laws are ruining this country."
--Ron Swanson
--Ron Swanson
Ron Swanson by hamzawesome January 19, 2013
Patrick Swayze
Noun: An endearing “ditto” response to a message from a loved one as noted in the movie Ghost, one of the greatest love stories of all time.
Patrick Swayze by guysm1ley November 27, 2020
Swaggin Wagon Dragon
Swaggin Wagon Dragon by ballerg17 March 8, 2017
swaggy nerd
An individual who enjoys learning and does not adhere to social norms, however, they carry themselves in a bold and confident manner. The person who does not fit the prototypical definition of "being cool", but is still a trend setter and doesn't care what other people think and goes against the grain.
He scored the highest test scores and he is still the strongest player on the football team, he is such a swaggy nerd.
swaggy nerd by Self Made Jade October 21, 2020
Swamp buggy
v. int. The act of pushing one's face in between two butt cheeks, and rocking one's head side to side very rapidly.
As Jill was laying face down on the bed. Jake snuck up behind her, grasping her butt cheeks and proceeded to give her a swamp buggy.
Swamp buggy by J-Mazon May 11, 2010