Also known as Prom usually in USA.
A place were students,pupils and Teachers from a high school have an opportunity to meet up for one last time before they leave school and begin work or college.They will dress up in large dresses and suits to fit the formal dress-code and show up in strech limos. Awards will be given for their hard work and effort and usually a pupil or student will be named the valedictorian. Usually the meeting will include a meal and dancing to finish of the get together.
Many pupil's and student's will get drunk at an after party were they will be let loose to burn of all their immature behavior before going into the working world, many parties will also include teachers (who will mainley show them selfs up).
A place were students,pupils and Teachers from a high school have an opportunity to meet up for one last time before they leave school and begin work or college.They will dress up in large dresses and suits to fit the formal dress-code and show up in strech limos. Awards will be given for their hard work and effort and usually a pupil or student will be named the valedictorian. Usually the meeting will include a meal and dancing to finish of the get together.
Many pupil's and student's will get drunk at an after party were they will be let loose to burn of all their immature behavior before going into the working world, many parties will also include teachers (who will mainley show them selfs up).
by drumandbassking June 23, 2011
Get the valedictory mug.A very dynamic set of beliefs that serve as a core tenant of political candidate campaigns, yet are not a reliable metric to determine a candidate's worthiness of office.
The term represents one or more beliefs in the candidate's belief system. A popular strategy is to campaign on strong core values while avoiding clearing defining what those values actually are.
Candidates typically avoiding defining their values and will typically deflect to another talking point. However, when cornered, candidates may attempt to define their values, but throughout the rest of the campaign they are free to add, edit, or remove any subset of their values for the sake of voter turnout.
The term represents one or more beliefs in the candidate's belief system. A popular strategy is to campaign on strong core values while avoiding clearing defining what those values actually are.
Candidates typically avoiding defining their values and will typically deflect to another talking point. However, when cornered, candidates may attempt to define their values, but throughout the rest of the campaign they are free to add, edit, or remove any subset of their values for the sake of voter turnout.
Sarah Palin boasts about her small-town values, which include Christianity, pro-life, small government, being able to see Russia, giving shoutouts to elementary school classrooms during a televised debate, and allowing her daughters to throw massive parties, destroy property, and let innocent boys take the fall for their actions.
by ShartyPants October 21, 2010
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(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.1) A meaningless phrase that English teachers like to throw around to prevent students from doing book reports on anything worth reading.
2) A phrase that means that something is worthless, meaningless, or a lie.
2) A phrase that means that something is worthless, meaningless, or a lie.
1) "Of course you can't read Harry Potter for your book report, it has absolutely no literary value."
2) "She told me she's never had sex before."
"Dude, that's got no literary value."
2) "She told me she's never had sex before."
"Dude, that's got no literary value."
by M4d_Baumer February 7, 2010
Get the Literary Value mug.by Anonymous March 21, 2003
Get the mean value theorum mug.A high value like is when you get a like for an activity on Facebook from someone who is one of the following:
a.) Highly attractive
b.) Particularly selective with their likes
c.) Someone who regularly posts good content themselves
a.) Highly attractive
b.) Particularly selective with their likes
c.) Someone who regularly posts good content themselves
Roger: "Hey dude, did you see that hot girl liked your Facebook status?"
Harry: "DANG! That's a high value like if ever I've seen one!"
Harry: "DANG! That's a high value like if ever I've seen one!"
by EddceLLent April 16, 2014
Get the high value like mug.High value Woman - a high value woman is woman that is a biologically female and who is a virgin and not overweight, prioritizes raising a family and maintain a household over a career, and is emotionally stable.
by Porter Simonov January 18, 2023
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