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Derivatives

Discussion in 'Investing Glossary' started by Glossary, 27th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    A financial instrument the value of which is derived from, and varies with changes in, the value of an underlying asset. For example the underlying asset may be shares or commodities.
     
    Last edited by a moderator: 27th Oct, 2006