derivative---(finance) A
legal agreement such as futures, options, calls, puts, etc. with value based
on expected future price of “linked” or “underlying” assets such as bonds, currency, real estate, stocks, stock options, etc. Some
contracts are long lived, and some are “off balance sheet” here in 2008.
See also CDO, CMO, credit default swaps… thanks to the CSPAN org, Bloomberg LP, and Wikipedia for help with this definition
See also CDO, CMO, credit default swaps… thanks to the CSPAN org, Bloomberg LP, and Wikipedia for help with this definition