Usually means: Insurance against bond payment default.
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We found 14 dictionaries that define the word credit default swap:

General (5 matching dictionaries)
  1. credit default swap: Oxford Learner's Dictionaries
  2. credit default swap: Collins English Dictionary
  3. credit default swap: Wiktionary
  4. credit default swap: Dictionary.com
  5. Credit Default Swap, Credit-default swap, Credit default swap: Wikipedia, the Free Encyclopedia

Business (7 matching dictionaries)
  1. credit default swap: Merriam-Webster Legal Dictionary
  2. Derivatives (No longer online)
  3. INVESTORWORDS (No longer online)
  4. CREDIT DEFAULT SWAP (CDS): Accounting Glossary
  5. Credit default swap (CDS): Moneyterms
  6. Credit Default Swap: Investopedia
  7. Credit Default Swap: Financial dictionary

Computing (1 matching dictionary)
  1. Credit default swap: Encyclopedia

Medicine (1 matching dictionary)
  1. Credit default swap: Medical dictionary

Definitions from Wiktionary (credit default swap)

noun:  (finance) A credit derivative contract between two counterparties, whereby the buyer (seller of risk) makes periodic payments to the seller (buyer of risk) in exchange for the right to a payoff if there is a default or other credit event in respect of a third party called reference entity.

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