credit default swap
Definition from Wiktionary, the free dictionary
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English [edit]
Noun [edit]
credit default swap (plural credit default swaps)
- (finance) 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.
Synonyms [edit]
Translations [edit]
contract
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