单词 | credit default swap |
释义 | > as lemmascredit default swap credit default swap n. Finance a swap (see swap n. Additions) in which the buyer makes a series of payments to the seller in return for the promise of a payment from the seller if there is a default (typically a default on the repayment of a loan or the redemption of a bond); abbreviated CDS.In the event of a default, the loan becomes the property of the seller of the swap. ΚΠ 1995 Amer. Banker 26 Jan. 22/3 Other benefits of a credit default swap include customized maturities and less use of the balance sheet. 2001 Business Week 12 Nov. 108/1 Investors have something else to worry about: credit default swaps, known as CDSs for short. That's financial marketspeak for insurance on bonds and bank loans. 2010 Guardian 21 May 27/2 Germany's ban on naked short-selling of credit default swaps on sovereign debt has not prevented the country's biggest bank continuing the practice out of its London hub. < as lemmas |
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