English Explanatory Dictionary

credit default swap

English dictionary entry

Meanings

noun
  1. A credit derivative contract between two counterparties, whereby the buyer (seller of risk) makes periodic payments to the seller (buyer of risk) in exchange for the right to a payoff if there is a default or other credit event in respect of a third party called reference entity.

Word forms

credit default swap credit default swaps

Synonyms

CDS
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