Peter Bondarenko
Former Encyclopædia Britannica Editor
Former Assistant Editor, Economics, Encyclopædia Britannica.
Primary Contributions (55)
Credit default swap (CDS), a financial agreement that is used to transfer credit risk between two parties. A credit default swap (CDS) contract is bound to a loan instrument, such as municipal bonds, corporate debt, or a mortgage-backed security (MBS). The seller of the CDS agrees to compensate the…
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Nobel Prize
Economics News
