The term, 'Tipton' comes from the last name of the Guru of OBC, Larry Tipton. It has widespread usage in OBC and is slowly spreading out as well. The merits and definitions of a Tipton card are still being debated and recently a grading scale concerning just Tipton cards has been developing.
Below is a wonderful example of a Tipton card. Any number of the various defects on the card would give this card a lower grading but the heart and soul, the essence of the card remain. This card HAS been well-loved. This card is TIPTON.