derivative instrument
Học thuậtThân thiện
Definition
- Noun:
- A financial instrument whose value is derived from the value of an underlying asset, index, or reference rate: A "derivative instrument" is a contract between two or more parties. Its price is determined by fluctuations in the value of the underlying entity, which can be an asset like a stock, bond, commodity, currency, or an index like the S&P 500.
Usage Examples
- Noun:
- Options and futures are common types of derivative instruments.
- The bank uses derivative instruments to hedge against interest rate risk.
- The value of the derivative instrument fell sharply when the underlying stock price dropped.
Advanced Usage
- "to trade derivative instruments": to buy and sell these financial contracts.
- Sophisticated investors often trade derivative instruments on specialized exchanges.
- "over-the-counter (OTC) derivative instrument": a derivative contract that is privately negotiated and traded directly between two parties, not on a formal exchange.
- The two companies entered into an OTC derivative instrument to customize their risk exposure.
Variants and Related Words
- Derivative (n): A common shorter form for "derivative instrument."
- The market for derivatives is vast and complex.
- Underlying (adj/n): Referring to the asset, index, or rate from which the derivative's value is derived.
- The derivative's performance is tied to its underlying asset.
Synonyms
- Financial derivative: A direct synonym.
- Contingent claim: A term used in finance to describe instruments like options, whose payoff is contingent on a future event.
Related Phrases
- Derivatives market: The marketplace where derivative instruments are traded.
- He works in the derivatives market.
- Derivatives trading: The activity of buying and selling derivative instruments.
- Derivatives trading carries significant risk.
Related Idioms/Expressions
(Note: As a technical financial term, "derivative instrument" itself is not typically used in idiomatic expressions. However, related concepts are often expressed formally.) - "To hedge one's bets": This informal idiom relates to a primary use of derivatives, which is hedging (reducing risk). - The farmer used futures contracts to hedge his bets against a poor harvest. (This illustrates the purpose, though it doesn't use the exact term "derivative instrument.")
Noun
- a financial instrument whose value is based on another security