credit default swap

(redirected from Default Credit Swaps)
Also found in: Financial.

credit default swap

n
finance a contract in which the parties exchange the exposure to loss should a creditor fail to make a payment when it comes due back . Abbreviation: CDS
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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The rising tide of cheap credit, default credit swaps, and other contributors to the continuing global financial crisis are, for most of us, too complex to grasp.