by William Gilbert August 14, 2005
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Get the creds mug.Related Words
Credski
• crease
• credit card
• Credits
• creasing
• creased
• Credit crunch
• Credit Whore
• creddy
• crease grease
Person 1: Dude, I just paid 100 cred for that girl!
Person 2: Waaaaaayyyyy an overpay man, she only is worth 55 creds at max.
Person 2: Waaaaaayyyyy an overpay man, she only is worth 55 creds at max.
by Hamcracker November 16, 2011
Get the creds mug.by boobi3s February 23, 2020
Get the creds mug.The word creds, or 'credentials', is another way of referring to one's rep, or 'reputation'. Thus, street creds means one's reputation on the street, or ghetto.
Gangsta: Y'all best get out' my way. I got street creds.
Foo': Yowza!
*Gangsta proceeds to beat up Foo' and steal his pocket money*
Foo': Yowza!
*Gangsta proceeds to beat up Foo' and steal his pocket money*
by Dr Fruitcake September 1, 2005
Get the street creds mug.Slang term used in the hot rod world for a guy or girl who will do anything to their car to obtain "hero status" when noone really cares. But they secretly think that if they out perform someone that they will gain "street credits" which is a points list that doesnt exist. Ever
Billy keeps spending money on his car and going to the dragstrip but hasnt improved on anything. Sure looks like hes looking for more street creds. Too bad noone gives a shit.
I herd Jonny bought another new carb in the quest for more street creds.
I herd Jonny bought another new carb in the quest for more street creds.
by 10 years later October 25, 2014
Get the Street Creds 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
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