WordValenoun
derivative
a financial contract whose value depends on an underlying asset
In more detail
1. (adjective) based on or copied from something else rather than being original
2. (noun) something that is based on or comes from something else
3. (noun) a financial product whose value depends on the value of something else, such as stocks or currencies
Examples
- 1. The artist was criticized for creating derivative work that copied famous paintings.
- 2. The movie is a derivative of the original book.
- 3. The bank sells derivatives that allow investors to bet on oil prices.
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