derivative
B1CEFR level
35/100Rarity: fairly common
TechnicalRegister
Law adjective
Describing an action brought by a shareholder on behalf of the company to enforce a right vested in it.
A minority shareholder commenced a derivative claim against the directors for breach of duty.
Business noun
A contract whose value is derived from the price of an underlying asset, rate or index.
The treasurer used a currency derivative to lock in the euro rate for next year's imports.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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