0 a type of credit derivative in which the buyer pays the seller for the right to get money back if a particular loan, bond, etc. is not paid back:
The cornerstone of the credit derivatives market is the credit default swap, a sort of insurance policy that allows two parties to exchange the credit risk of an issuer.
NEW WORDS
European
May 10, 2021
WORD OF THE DAY
Shimmer
credit default swap
