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12/02/2008: "New AP (Associated Press) Stylebook Update Regarding Derivatives"

It seems that the financial mess in which we seem to find ourselves has created a whole new set of AP Stylebook changes. Here is one I was made aware of yesterday.

Editor's Note: An entry on derivative has been added to define the term as a contract whose value depends on the financial performance of its underlying assets, such as mortgages, stock or traded commodities.

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derivative

A contract whose value depends on the financial performance of its underlying assets, such as mortgages, stock or traded commodities. Credit default swaps are one form of derivative.


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