| 单词 | CATASTROPHE REINSURANCE SWAP |
| 释义 | A synthetic financial SWAP that provides one of the contracting parties with a cash inflow in the event of loss from a defined catastrophic event. In exchange for the contingent CASH FLOW, the second party receives an upfront fee. Although the swap assumes the function of standard INSURANCE or REINSURANCE, the underlying documentation is often simpler and more flexible to negotiate. See also PURE CATASTROPHE SWAP. |
| 随便看 |
|
法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。