crexit

an exit from the crisis

invest in gold to crexit from dollar collapse

when SHTF there's no crexit

crexit by reykes January 24, 2013

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}

credit default swap by Abu Yahya July 17, 2010

credit monger 

One who lines themselves up to receive credit, or makes sure that every ounce of credit for their actions is well recognized and possibly even documented. #creditmonger

Milton: I swear all these people who make movies are credit mongers
Peter: I hear you, not like you see my name appearing on the credits of the 500 TPS reports that I've proof-read!

credit monger by Max86 November 3, 2014

credit card player 

A person that resorts to using real money so as to buy their way thru an online game in this way they can purchase better tools, weaponry, XP, etc. thus gaining an unfair advantage over other players who are earning progress by actually playing the game.

While playing Band of Heroes on facebook, a player posted the comment, " WTF, I been working hard at this game for six months getting no where and that other dude started last week and is in the top ten already ?" To which another player replies, "Yeah, thats a credit card player, a loser that wins, LOL"

credit card player by jpg3 August 15, 2010

roll credits 

When a movie uses its own title in the dialogue.

"What if this is as good as it gets?" *Roll Credits

roll credits by didi8083 August 28, 2015

Carbon Credits 

A SCHEME and a SCAM.

A SCHEME by the rich to continue their polluting guilt free, while the poor will have to make sacrifices for the environment so the rich can continue to pollute.

A SCAM because there is no independent auditing/verification the scheme is helping the environment.

Anyone can sell carbon credits, but how can it be verified they performed the promised tasks? How much was actually spent on reducing carbon emmisions?

Screw the environment, I'm gonna carbon credit my way to becoming a billionaire!

Carbon Credits by Eddy August 5, 2007

social credit 

When your behavior is good you get social credits 我爱中国 The Wock is the #1 social credit holder 台湾不是一个国家

Me: "I love China"
* 30 社会信用已添加到您的余额中 *

Me: "Taiwan isn't a country!"
* 您已获得 50 个社会信用 *

Me: "Nothing happened in 1989!"
* 从现在开始，您将拥有无限的社会信用 恭喜 *

(this was a tutorial of getting infinite social credits)

social credit by Dimostheenis October 17, 2021