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-swaps

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Unscrambles

credit-default swap

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