Credit- default swaps are financial instruments based on bonds and loans that are used to speculate on an increase or decrease in indebtedness.

He's worried about all the credit default swaps sitting on the books of the US Treasury and US banks.

First, one type of derivative-credit default swaps (CDS) fueled the mortgage securitization pipeline.

Just as a life insurance policy can pay out much more than the deceased party's annual salary, so too can credit default swaps be structured to cover more than the actual losses.

Russia versus the West: credit default swaps (March 1, 2010)

Of particular concern is the fairly new innovation of credit default swaps (CDS).

In the over-the-counter market, where credit- default swaps are currently traded, participants are exposed to each other in case of a default.

During the current 2012 negotiations regarding the restructuring of Greek sovereign debt, one important issue is whether the restructuring will trigger Credit default swap (CDS) payments.

A new type of default swap is the "loan only" credit default swap (LCDS).

Perhaps it's because, as the Times points out, whenever Faulks returns to him, "readers may learn more than they want about commodities futures and credit default swaps."