English Explanatory Dictionary

credit-linked note

English dictionary entry

Meanings

noun
  1. A form of funded credit derivative, structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. The issuer is not obligated to repay the debt if a specified event occurs, which eliminates a third-party insurance provider.

Word forms

credit-linked note credit-linked notes

Synonyms

minibond CLN
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