Super Finance Glossary
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Searched for Credit Default Swap
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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.
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.