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credit derivative
cred·it de·riv·a·tive (plural cred·it de·riv·a·tives)


noun 
Definition:
 
instrument to transfer credit risk: a financial instrument providing for the transfer of credit risk from one party to another
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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