Credit-default Swap Definition
krĕdĭt-dēfôlt
noun
A financial instrument used as insurance against a default on a bond, loan, or other debt.
American Heritage
A contract stipulating that the parties exchange the exposure to loss should a creditor default.
Webster's New World
Other Word Forms of Credit-default Swap
Noun
Singular:
credit-default swap
Plural:
credit-default-swapsFind Similar Words
Find similar words to credit-default swap using the buttons below.