WEATHER DERIVATIVE
\wˈɛðə dɪɹˈɪvətˌɪv], \wˈɛðə dɪɹˈɪvətˌɪv], \w_ˈɛ_ð_ə d_ɪ_ɹ_ˈɪ_v_ə_t_ˌɪ_v]\
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A derivative whose performance depends on the weather. Two such derivatives are temperature and precipitation.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.