First time I heard about paraprosdokians, I liked them. Paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous. 267 more words
Tags » Credit Default Swap
Twelve large banks and two industry groups are preparing to pay $1.865 billion to settle an antitrust lawsuit that was brought by several large investor groups. 542 more words
The credit default swap (Credit event/default swap, CDS) is an agreement according to which the buyer of a swap pays to the seller the stipulated award for opportunity to get profit if the credit agreement provided with this swap isn’t extinguished or in case of other caused event. 214 more words
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A Credit Default Swap (CDS) is a derivative contract between two parties, a credit protection buyer and credit protection seller, in which the buyer makes a series of cash payments to the seller and receives a promise of compensation for credit losses resulting from the default of a reference entity.