credit default swap

English

Noun

credit default swap (plural credit default swaps)

(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.

Synonyms

CDS

Translations

contract

Czech: swap úvěrového selhání m
Finnish: luottotappioriskin vaihtosopimus

Spanish: permuta de incumplimiento crediticio f, swap de incumplimiento crediticio m

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