derivative product
noun[C]
STOCK MARKET,FINANCEukusaderivative:
Companiesminimizerisksbybuyingaderivativeproductwhichprovidestherighttobuyorselltheunderlyingequityat afixedpriceon afuturedate.
afinancialproductthat iscreatedby makingchangesto anexistingproduct:
Certainderivativeproductsheldbylifeinsurersrequiretheirholderstosellstockswhen the Nikkeifallsbelow about 12,600.