![Derivative](https://img-cdn.financeunlocked.com/headers-images/euromoney/2.jpg?ik-sdk-version=javascript-1.0.3)
Glossary
Investment Management
Derivative
A tradable financial instrument representing a contingent claim on an underlying security- be they shares, commodities, foreign exchange or bonds. These can be futures, stock options, rights, warrants, or credit default swaps.