defaq 

bro it's the fuck but y'all spell it different

defaq?

defaq by anonymous February 24, 2021

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

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.

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!

DEFACTOID by 1STFABARM May 1, 2019

Post Defqon Depression 

PDD or Post Defqon Depression is a state of low mood and aversion to activity that can affect a person's thoughts, behaviour, feelings and physical well-being.

Experienced for weeks immediately after the annual Defqon 1 Festival, ravers who suffer PDD may be "coming down" and begin to feel sad, anxious, empty, helpless, worthless, guilty, irritable, restless, munted & scat.

Ravers may lose interest in activities that once were pleasurable, experience loss of appetite, problems concentrating, remembering details, making decisions; and may contemplate or attempt suicide.

For more help, search Facebook: PDD: Post Defqon Depression

Guy: "How unreal was Defqon 1 last week?!"

Girl: "I know, my Post Defqon Depression is almost unbearable".

Guy: "All I want is to be back at Defqon. FML..."

Post Defqon Depression by PDD_Official August 16, 2012

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.

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.

default dinner by msdee January 5, 2017