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Meaning of credit default option | Babel Free

Noun CEFR C1

Definitions

A put option that makes a payoff in the event the issuer of a specified reference asset defaults.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

credit default swap credit event credit facility credit history credit hour credit institution

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