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derivative product UK US noun [C] STOCK MARKET, FINANCE
► a DERIVATIVE(Cf. ↑derivative): »
Companies minimize risks by buying a derivative product which provides the right to buy or sell the underlying equity at a fixed price on a future date.
► a financial product that is created by making changes to an existing product: »
Certain derivative products held by life insurers require their holders to sell stocks when the Nikkei falls below about 12,600.
Financial and business terms. 2012.