credit default swap

credit default swap读音音标

英 [ˈkredit diˈfɔ:lt swɔp]

美 [ˈkrɛdɪt dɪˈfɔlt swɑp]

credit default swap意思解释

n.

信用违约互换(CDS)；

英英释义

A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default or other credit event. The buyer of the CDS makes a series of payments (the CDS \"fee\"or \"spread\") to the seller and, in exchange, receives a payoff if the loan defaults.