credit-default swap


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cred·it-de·fault swap

 (krĕd′ĭt-dē′fôlt′)
n. Abbr. CDS
A financial instrument used as insurance against a default on a bond, loan, or other debt.
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References in periodicals archive ?
During the first half of 2001 Standard & Poor's reviewed approximately 90 credit-default swap transactions compared with 135 that have been reviewed during the first half of 2002.
Today, market participants are better educated with regard to credit-default swaps and as a consequence the level of confidence in the credit-default swap market has increased.
Structured products, from repackaged notes, credit-linked notes, and small-basket credit-default swaps, to full-fledged CDOs, are all now familiar transactions to investors.