(finance) a contract in which the parties exchange the exposure to loss should a creditor fail to make a payment when it comes due back CDS
noun 1. (def 12).
noun 1. insurance guaranteeing payment of the unpaid portion of a loan if the debtor should die.
[kred-it] /ˈkrɛd ɪt/ noun 1. commendation or honor given for some action, quality, etc.: Give credit where it is due. 2. a source of pride or honor: You are a credit to your school. 3. the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen […]
noun 1. a line of text acknowledging the source or origin of published or exhibited material. 2. Also called credit limit, line of credit. the maximum amount of credit that a customer of a store, bank, etc., is authorized to use. noun 1. an acknowledgment of origin or authorship, as in a newspaper or film […]