Credit Default Swap
Definition
A bilateral over-the-counter (OTC) contract in which the seller agrees to make a payment to the buyer in the event of a specified credit event in exchange for a fixed payment or series of fixed payments; the most common type of credit derivative ; also called Credit Swap; similar to Credit Default Option.
Related Terms Other terms related to 'Credit Default Swap' starting with the letter 'C' Cash Market, Counter Trend Trading, Counterparty Risk, Commercial, Churning Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
| 