Definition, Meaning & Synonyms | English word CREDIT DEFAULT SWAP
CREDIT DEFAULT SWAP
Definitions of CREDIT DEFAULT SWAP
- (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.
Number of letters
19
Is palindrome
No
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