If one party pays a fixed fee on a regular basis in return for a contingent payment that is triggered by a downgrading of a firm's credit rating, that is called a

A) credit option.
B) credit swap.
C) credit-linked note.
D) credit default swap.

D

Economics

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Economics

Which of the following is true of private ownership?

a. Private ownership links responsibility with the right of control. b. Private owners have little incentive to conserve natural resources for the future. c. Private owners have little incentive to develop and use their assets in ways others value. d. Private owners can do anything they want with the things they own regardless of the damage it does to the property of others.

Economics