In Internet online communities, the city where the majority of the users reside, so they dare to omit city name in discussions and advertisements.
It pisses off people who are not from this city, if the community is open and not dedicated to geographical location
It pisses off people who are not from this city, if the community is open and not dedicated to geographical location
Forum of UK expats somewhere in Poland
-Can you recommend me the best pizzeria?
angry in what city?????
-default city
-Can you recommend me the best pizzeria?
angry in what city?????
-default city
by dildo777 February 6, 2021
Get the default city mug.(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}
by Abu Yahya July 17, 2010
Get the credit default swap mug.Related Words
When someone fails to wash their clothes, or had planned to do so but was unable to, and as a result can only choose from the limited or non-existent selection of clothes they still have available.
Joey was planning to do a load of laundry before flying to Hawaii, but he went to the bar after work instead of going to the laundromat, so he experienced a clothes default.
by snowman559 November 19, 2021
Get the clothes default mug.1. What some understand the process of changing one's name by deed poll to be. Brought upon when the person explaining the process mumbles, stutters or somehow otherwise miscommunicates the message.
Person 1: "Mabe you should change you surname to Flynnie"
Person 2: - "Ohh, good idea, I think I should change it to Phlynmon though."
Person 1: "Would you really change it by deed poll?"
Person 2: "What did you just say? It's not deed whatever you just said Person 1, it's change name by DEFAULT."
Person 1: Baaahahahaha, I don't know what to say...
Person 2: - "Ohh, good idea, I think I should change it to Phlynmon though."
Person 1: "Would you really change it by deed poll?"
Person 2: "What did you just say? It's not deed whatever you just said Person 1, it's change name by DEFAULT."
Person 1: Baaahahahaha, I don't know what to say...
by BrowneSugarLover November 26, 2010
Get the Change name by default mug.Cisgender by default. This concept originated from a blog post made by an user going by the name of Ozymandias.
Taken from the aforementioned blog post,
"I think you could probably tell them apart by asking them the old “what would you do if you suddenly woke up as a cis woman/cis man?” If they instantly understand why you’d need to transition in that circumstance, they’re regular old cis; if they are like “I’d probably be fine with it actually,” they might be cis by default."
Essentially, a cis person who does not feel a very strong connection to their gender, and only identifies as such by default.
Taken from the aforementioned blog post,
"I think you could probably tell them apart by asking them the old “what would you do if you suddenly woke up as a cis woman/cis man?” If they instantly understand why you’d need to transition in that circumstance, they’re regular old cis; if they are like “I’d probably be fine with it actually,” they might be cis by default."
Essentially, a cis person who does not feel a very strong connection to their gender, and only identifies as such by default.
Yesterday, when we were talking about gender identity, Ashley told me she was sure that her brother was only cis by default. He claimed he wouldn't mind being a woman.
by computex April 16, 2017
Get the cis by default mug.When someone fails to wash their clothes, or had planned to do so but was unable to, and is then merely left to choose from the limited or non-existent selection of clothes they still have available.
Joey was planning to do a load of laundry before flying to Hawaii, but he went to the bar after work instead of going to the laundromat, so he experienced a clothes default.
by snowman559 November 19, 2021
Get the clothes default mug.When you don't actually get custody of your children, however they turn 18 and can do whatever they want anyways.
Lindsey claims she won her custody case however it was custody by default because her daughter turned 18.
by Turd Flusher Magoo July 24, 2023
Get the Custody By Default mug.