(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.

(finance) A financial derivative that transfers both the credit risk and market risk of an underlying asset.

plural of credit default swap

(idiomatic) Alternative form of change horses in midstream

plural of interest rate swap

plural of total return swap

present participle of swap horses in midstream

Third-person singular simple present indicative form of swap horses in midstream

simple past tense and past participle of swap horses in midstream

(finance) An instrument granting the owner an option to enter an interest rate swap. / (finance) More generally, an option on any type of swap.