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Definition of Credit default swap
1. 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. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Credit Default Swap
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