Derfa

1. Better than you
2. Frickin amazing

That was so derfa, dude.

by Tyler Harrowa October 15, 2008

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.

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}

by Abu Yahya July 17, 2010

default dinner

The what to eat decision made for evening meal, usually when out of food.

Damn, the folks are coming over...mac n cheese default dinner? Maybe with hot dog chunks?

Nothing to eat kids. Can smell Jim's grill, though. Sneak over for default dinner.

by msdee January 5, 2017

DEFACTOID

DEFACTOID:- A person, animal or device which is mainly used to commit activities to reduce or demolish the activities of the opposition.

Don't waste your time planning to finish him off, get DEFACTOID on it - defact him fast!

by 1STFABARM May 1, 2019

Deafazz

An outrageously powerful slap delivered into the ear by the inside of one's bare palm. A loud slap is heard from across the room and the victim is usually left temporarily deaf, hence the name. The slap is preferably delivered after administering a droplet of spit into the palm and without the victim seeing it coming. It can be used as a verb in all tenses.

Noun: Ron Artest just gave that fan a mean deafazz.

Verb: Keep talking that smack and you'll get deafazzed.

smack, thump, slap, bitch-slap, bitchslap

by Toronto English Teacher March 2, 2011

Default face

The look on somebody's face when they're just sitting there thinking or are doing nothing & have no other emotions. The a way a person's face naturally falls.

Everybody kept asking me if I was sad today! But, nobody understands that it's just my default face. I've just been zoned out lately.

Dude: Hey, is Shauna pissed off?
Dude 2: Nah, dude, that's just her default face.

by heylobster September 1, 2009

default dinner

The what to eat decision made for evening meal, usually when out of food.

Damn, the folks are coming over...mac n cheese default dinner? Maybe with hot dog chunks?

Nothing to eat kids. Can smell Jim's grill, though. Sneak over for default dinner.

by msdee January 5, 2017