Friend 1: “I bet I could take you on bro, you suck at this game.”
Friend 2: “Try me, I’ll sqwap you so hard you won’t even know what’s sqwappening.”
Friend 1: *loses 1v1*
Friend 2 “Get sqwapped on!”
Friend 2: “Try me, I’ll sqwap you so hard you won’t even know what’s sqwappening.”
Friend 1: *loses 1v1*
Friend 2 “Get sqwapped on!”
by Sqwappy June 12, 2022
Get the Sqwap mug.“Yo, did you hit up the homie to pick up some sqwappers tonight?”
“Hey man, do you want to go smoke a cig?” “Yeah, sure. I’ll go sqwap a John.”
“Did you see that girl today at Starbucks?” “Absolutely, I was sqwapping it for sure.”
“Hey man, do you want to go smoke a cig?” “Yeah, sure. I’ll go sqwap a John.”
“Did you see that girl today at Starbucks?” “Absolutely, I was sqwapping it for sure.”
by Teej2684 April 10, 2021
Get the sqwap 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.a strategy in algebra in which if x/y=z, then y and z can be quickly "swapped" so that x/z=y. Very helpful for quickly solving for a variable.
Named after Mr. Lynch, a Floridian calculus teacher.
Named after Mr. Lynch, a Floridian calculus teacher.
Student θ: Ugh... solving 3/x=4 for x is going to take me like a bajillion steps.
Mr. Lynch: lol just Lynch swap 4 and the denominator x.
Mr. Lynch: lol just Lynch swap 4 and the denominator x.
by peculiargoldfish October 3, 2019
Get the Lynch swap mug.by GravyBoiii December 20, 2021
Get the Gravy Swap mug.Never gives up, hard worker, passionate at everything they do in life, has a smile they inspires people to do better, stay motivate, doesn't waste time, puts the standards for the working man, aims to be the top, always thankful, and always stays humble!
Shwapper is some who gets the job done!!!
by PierceSupport September 8, 2017
Get the Shwapper mug.by Kid_Salami February 24, 2021
Get the Swapmeet Girl mug.