Yeah, that date with Polly was a total washout. It was all going well until we got down to some serious chimping - then she dropped her panties and revealed her thatched cave.
Man, I couldn't go down on that - would've been like Frenching Chewbacca.
Man, I couldn't go down on that - would've been like Frenching Chewbacca.
by Wizards Sleeve June 10, 2005
Get the thatched cave mug.A snapchat of little to no substance sent for the sole purpose of seeing if the recipient is either ignoring you or just has not yet seen the messages.
"I didn't reply to her third text so she thought she could play me with a trapchat. I'm in no mood for her thirsty tricks."
by GillyHawk June 18, 2015
Get the TrapChat mug.I'd rather be twatching.
The music was so horrific, it made me want to twatch.
That movie made me want to twatch.
The music was so horrific, it made me want to twatch.
That movie made me want to twatch.
by D.L.M. April 14, 2006
Get the twatch mug.The coarse pubic hair and sometimes shit build-up around the asshole.thatch was used on roofs of homes of the English countryside.
She wanted anal, but I couldn't penetrate her Thatch Patch. or I think I ripped something when I took that huge dump. Maybe it was just a turd cutting through the Thatch Patch I had going on down there.
by Aaron & Rocky January 26, 2006
Get the Thatch Patch mug.by victorrrrrrrriaaaa *- April 14, 2009
Get the Twatched mug.The most smart and intellectually capable men you will ever met and is also the most terrifying men you will ever met who loves history and geography.
by cancids November 29, 2016
Get the Thatcher mug.(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
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