credit default swap

British  

noun

1.  CDS.  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

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Example Sentences

As of Friday afternoon, Oracle’s credit default swap levels were at 115, while both Microsoft and Amazon were at 35.

From Barron's • Nov. 21, 2025

Bank of America’s and Citigroup’s 5-year credit default swap spreads both trade at 58 basis points after rising to that level on Thursday following the reports about U.S. regional banks.

From The Wall Street Journal • Oct. 21, 2025

These are what we refer to as credit default swap rates, and they are similar to fail rates for other stable companies in other industries.

From Scientific American • Aug. 2, 2023

The one-year credit default swap dropped 9 basis points, while the most commonly used five-year credit default swap was down one basis point, the data showed.

From Reuters • May 26, 2023

On the phone one day, their Bear Stearns credit default swap salesman mentioned that the big annual subprime conference would be held five days hence, in Las Vegas.

From "The Big Short" by Michael Lewis