2 definitions found for this term.
Definitions are presented in the order source books were published (most recent first).
Financial Skills for Professionals$65.00 – $104.00
A transaction or contract whose value derives from the value of underlying assets such as stock, bonds, mortgages, market indices, or foreign currencies.
A security, the value of which is derived from a claim on an asset or pool of assets, which typically are other forms of securities.