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Credit default swap definition.​
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35 votes
35 votes
Credit default swap definition.​

User JCAguilera
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1 Answer

26 votes
26 votes

Answer:

a financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement. if that makes sense.

User Dannyxnda
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