Credo

Something you like, enjoy, or prefer. Sort of your thing

Listening to reggae is my credo.

by Volks July 12, 2015

Credo

1- Godly, manly, funny, sexy. co-creater of Hudson Valley Media.com

2- impressive, amazing

That guy over there is so Credo!

I use Hudson Valley Media all the time to get Credo pictures taken of myself!!!!

by Snomis February 4, 2010

Credo

A word used by lanky old spirited men to try and sound 'hip'

Who else is a fan of the word credo

by itsmebokay February 16, 2022

Credo

When your in between Drunk and Crudo.

No Mames wey im still credo from last night.

by Rain 112242 June 10, 2022

Credo High School

Dont go here. Please of the love god stay away from this crazy shaped ahhh school. Run while you still can.

Boy 1: Did you hear about the chess club at credo high school?
boy 2: No

by Bill bob jankins from sebastop September 27, 2022

Creedo

A creepy weird person who harasses women online

Rich is such a creedo,he's always harassing women on social networks it's so creepy and weird

by CrunchyCrew February 11, 2022

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