Credit default swap

Financial Instrument

A financial derivative that allows one to swap or offset their credit risk with that of another party; cited as one of the complex derivatives people often dislike from financial history discussions like the 2008 crisis.

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Videos Mentioning Credit default swap

Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading | Lex Fridman Podcast #159

Richard Craib: WallStreetBets, Numerai, and the Future of Stock Trading | Lex Fridman Podcast #159

Lex Fridman

A financial derivative that allows one to swap or offset their credit risk with that of another party; cited as one of the complex derivatives people often dislike from financial history discussions like the 2008 crisis.