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credit default swap - definition and synonyms

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noun [countable] economics     credit default swap pronunciation in British English
Word Forms
singularcredit default swap
pluralcredit default swaps
  1. a financial instrument for protecting against the risk that a company or organization will not pay money that they owe. The buyer pays interest to the seller and receives a large amount of money if the debt is not paid. The seller receives interest from the buyer and pays them a large amount of money if the debt is not paid.

    Some have suggested credit default swaps have made the financial crisis of 2008 even worse.



to manipulate someone psychologically so that they begin to question their own perceptions and memories

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Dunning-Kruger effect

the phenomenon by which an incompetent person is too incompetent to understand his own incompetence

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