A wonderful gorgeous man who is the best and manliest man of all times. He is thought to have been alive during the prehistoric times and although there is not sufficient evidence, he is thought to have knocked out chuck Norris
That guy just swallowed his dip spit while picking up that hot chick at the bar. He must be a Devaul.
Dude! Did you see that knock out?! A true Devaul hit!
Dude! Did you see that knock out?! A true Devaul hit!
by Frank1357 December 22, 2013
Get the devaul 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
Get the credit default swap mug.Related Words
devaul
• Devaulle
• Devault Slaya
• default
• Devaughn
• Default Dance
• Default Skin
• default setting
• deval
• default friend
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.
by msdee January 5, 2017
Get the default dinner mug.the hunter in identity v that literally has no rights because of how attractive they made him and i know that his looks were made to be like that intentionally. the devs clearly have a favorite.
Man A: You know, I hope we don't get Joseph Desaulniers as the hunter for this round.
Man B: Yeah, me too. He's so strong. It's gonna be a hard match if we got em.
Joseph: i'm boutta ruin this whole man's career.
Man B: Yeah, me too. He's so strong. It's gonna be a hard match if we got em.
Joseph: i'm boutta ruin this whole man's career.
by servynx September 9, 2019
Get the Joseph Desaulniers mug.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.
by heylobster September 1, 2009
Get the Default face mug.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.
by msdee January 5, 2017
Get the default dinner mug.Every job has at least one female employee who is considerably more attractive than all the others. She might not actually be that good looking, but it doesn't matter. If you had a job where you only got paid in pennies, finding a quarter would be like winning the lottery. It's all relative.
And, because this one female has the dubious honor of being deemed "default hot" by every male employee at the company (most likely including the creepy store manager who has a daughter the same age) she is rewarded with what could easily be considered non-stop sexual harassment.
And, because this one female has the dubious honor of being deemed "default hot" by every male employee at the company (most likely including the creepy store manager who has a daughter the same age) she is rewarded with what could easily be considered non-stop sexual harassment.
Shanaye is only a 6.5 out of 10, but since she's the only female that works here under 30 years old, she's default hot.
by surefire13 October 31, 2009
Get the Default Hot mug.