Credit default option
|
In finance, a default option or credit default option is a put option that makes a payoff in the event the issuer of a specified reference asset defaults. Such a contract is also known as a "credit default swap".
|
In finance, a default option or credit default option is a put option that makes a payoff in the event the issuer of a specified reference asset defaults. Such a contract is also known as a "credit default swap".