credit default swap (CDS)
A form of unregulated credit insurance that transfers the risk of default from a debt holder to the issuer of the credit default swap in exchange for a premium payment. For example, a debt holder of a newly constructed apartment complex could purchase a CDS and, if the property owners default on the loan, it would pay off the debt in its entirety..
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credit default swap (CDS)
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capital bonus
Securities and Futures Authority
avoidance
holding company
exercise