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credit derivative

Syllabification: (cred·it de·riv·a·tive)
Definition of credit derivative

noun

Finance
  • a type of derivative in which the risk that a loan will not be repaid is sold to a party other than the lender:credit derivatives act as insurance for a company that invests in a corporate bond or loan

credit derivative in other Oxford dictionaries

Definition of credit derivative in the British & World English dictionary
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