deful
Words you can keep
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.
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}
credit default swap by Abu Yahya July 17, 2010
Related Words
deful • defull • Defult • Feminist by defult • default • Default Dance • Default Skin • default setting • Defile • default friend
Bullshit Deflector
A useful mental resource, engaged when idiots are attempting to fill your brain with pointless crap (for example when a politician speaks).
Bullshit Deflector by Teraknor April 23, 2016
deflate me daddy
A phrase often used to sound like you are asking someone to do something kinky to you.More common than not,it is said to celebrities.Althought it sounds like a want to fufil a strange sexual urge it is not.If you wish to creep some out this the sentence to use.
deflate me daddy by Letmeexplaintoyouathing October 17, 2015
default dinner
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.
Nothing to eat kids. Can smell Jim's grill, though. Sneak over for default dinner.
default dinner by msdee January 5, 2017
defile awhile
defile awhile by I, Wreckerrr November 20, 2016
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.
Dude: Hey, is Shauna pissed off?
Dude 2: Nah, dude, that's just her default face.
Default face by heylobster September 1, 2009
More from Urban Dictionary
dirrty
1. Meaning nasty, sexy, filthy. Popularized by Christina Aguilera.
2. Used usally as a close friend in hip-hop slang.
2. Used usally as a close friend in hip-hop slang.
Coyote Ugly
1. Place
The Bar came before the movie. It is an awesome bar where the girls know how to party and make you feel okay about giving up your money, drawers, bras, and dignity.
2. Movie
A story about a Jersey girl following her dreams, aided by working at this bar in New York.
3. Situation/Person/Decision
See other definitions - waking up next to someone so ugly you'd rather chew your arm off than wake them up.
The Bar came before the movie. It is an awesome bar where the girls know how to party and make you feel okay about giving up your money, drawers, bras, and dignity.
2. Movie
A story about a Jersey girl following her dreams, aided by working at this bar in New York.
3. Situation/Person/Decision
See other definitions - waking up next to someone so ugly you'd rather chew your arm off than wake them up.
1. Yo, Coyote Ugly is my favorite bar! I got whipped, stripped, drunk, and danced on the bar all before 7 o'clock!
2. Hey did you see Coyote Ugly? It actually has a plot!
3. Ugg I woke up to Coyote Ugly this morning!
2. Hey did you see Coyote Ugly? It actually has a plot!
3. Ugg I woke up to Coyote Ugly this morning!
Coyote Ugly by jerseycountry March 8, 2009
Word of the Day on September 2, 2026
Literally 1984
Used in response for when someone promotes/advocates an event or idea that is perceived to support "too much" authority and/or government control.
Often used jokingly as a over-exaggeration in political talk.
Can also be used in response to a ban or mute in a forum site or online chat.
Often used jokingly as a over-exaggeration in political talk.
Can also be used in response to a ban or mute in a forum site or online chat.
Steve: I think that the government should regulate businesses more
Bob: Literally 1984!
--User1 has been permantly banned--
User2: You cant ban my friend like that! Literally 1984!
Bob: Literally 1984!
--User1 has been permantly banned--
User2: You cant ban my friend like that! Literally 1984!
Literally 1984 by ke1 July 7, 2021
Word of the Day on September 1, 2026
Back when I lived in upstate new york
A meaningless, unimpressive, self-serving introduction. An indicator that the story about to be shared will be pointless and dumb.
Back when I lived in upstate new york, I also had to park on the street - on two occasions, we got enough snow, mixed with just the right plowing, that my car was lifted off the ground from so much snow being jammed underneath it.
Back when I lived in upstate new york by NDcent December 14, 2010
Word of the Day on August 31, 2026
TLDU
Sister: This meeting was to discuss the rough draft of my essay, where we discussed the subsidiary questions I added in my rough draft. We also discussed the relationship between my main title and the real-life situations I chose to use in my essay. We discussed the structure of my essay as well, specifically the Math AOK section and how it relates to the contradiction of the title. This second meeting was particularly helpful in discussing the implications of my essay claims and how to apply the title across various areas of knowledge. There were many sections of the essay that could have been cut down in wordiness and the ways of knowing required further and more in-depth analysis.
Me: Woah! TLDU!
Me: Woah! TLDU!