How to pronounce “credit default swap”

Meaning

• [Noun]
• (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.

Practice Nearby Words

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Similar Sounds

credit history, creditability, creditably, credit account, credit side, crestfallen, credit report, crystal tea, cristoforo, cotton swab