by The Pitman Poet. April 1, 2017
Get the Transhead mug.A student who takes part in running sports for the fall, winter and summer seasons and lacks basic social skills. They usually travel together in groups. Due to their social ineptitude and/or lack of esteem given to their sport, they are usually among the least socially threatening, but most insulated and bizzare cliques that one encounters in high school.
Note that not all runners are trackheads, but all trackheads are runners.
Note that not all runners are trackheads, but all trackheads are runners.
"What are the Trackheads doing now?"
"It looks like they're trying to break each other."
"Like a Horse"
"seems that way"
"Why?"
"Not even they know, man."
"It looks like they're trying to break each other."
"Like a Horse"
"seems that way"
"Why?"
"Not even they know, man."
by d00medman October 26, 2012
Get the Trackhead mug.Related Words
(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%.
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%.
Buying a Senior Tranched Value Security is a way to get a long position in the underlying asset's potential returns, with significantly limited downside potential.
Buying a Junior TVS is a way to get substantial return potential, surpassing that of leveraged positions, while having no chance of being liquidated.
Selling a Tranched Value Security (TVS) is a way to get rid of the desired either upper (exposing oneself to greater returns) or lower part (exposing oneself to less volatile returns) of price risk of underlying asset.
Buying a Junior TVS is a way to get substantial return potential, surpassing that of leveraged positions, while having no chance of being liquidated.
Selling a Tranched Value Security (TVS) is a way to get rid of the desired either upper (exposing oneself to greater returns) or lower part (exposing oneself to less volatile returns) of price risk of underlying asset.
by Derivatives Powerhouse January 21, 2021
Get the Tranched Value Security (TVS) mug.paratrooper A: Hope those dumbass trackheads know their shit and relieve us APSP.
paratroop B:Fuckin' A. Those damned Jerry gotta a real hard-on and wanna pound the shit outta this shithole.
paratroop B:Fuckin' A. Those damned Jerry gotta a real hard-on and wanna pound the shit outta this shithole.
by Ding October 3, 2003
Get the trackhead mug.Like a crackhead, but for sports. Usually arrogant and full of themselves. Straight out of a student athlete meme.
by GarbageCanCoffeeGrinds April 3, 2017
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