Derivatives

Derivatives
  A specialized security or contract that has no intrinsic overall value, but whose value is based on an underlying security or factor as an index. A generic term that, in the energy field, may include options, futures, forwards, etc.
  California Energy Comission. Dictionary of Energy Terms

Energy terms . 2014.

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  • derivatives — de·riv·a·tive || dɪ rɪvÉ™tɪv n. conjugate (Grammar); by product, offshoot adj. obtained from another source, derived, borrowed …   English contemporary dictionary

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