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Economics & Business
Credit default swap
A **credit default swap (CDS)** is a financial derivative that transfers the credit risk of a reference entity from one party to another in exchange for periodic payments.
Economics & BusinessCredit default swap
A **credit default swap** (CDS) is a financial derivative that transfers the credit risk of a reference entity from a protection buyer to a protection seller in exchange for periodic payments.
Economics & BusinessCredit rating
A **credit rating** is an assessment of the creditworthiness of a borrower—individual, corporation, or sovereign—expressed as a standardized grade by a rating agency.