derivative

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derivative

adjective ascribable, attributable, coming from, consequent, consequential, derivate, derived, deriving, descendant, descended, ensuing, evolved, following, hereditary, imitative, resultant, secondary, sequent, subordinate, subsequent, vicarious
Associated concepts: derivative action, derivative authorrty, derivative deed, derivative jurisdiction, derivative liaailities, derivative powers, derivative rights, derivative stockholder's suit, derivative title
See also: ancillary, conclusion, consequence, consequential, dependent, offshoot, subsidiary

DERIVATIVE. Coming from another; taken from something preceding, secondary; as derivative title, which is that acquired from another person. There is considerable difference between an original and a derivative title. When the acquisition is original, the right thus acquired to the thing becomes property, which must be unqualified and unlimited, and since no one but the occupant has any right to the thing, he must have the whole right of disposing of it. But with regard to derivative acquisition, it may be otherwise, for the person from whom the thing is acquired may not have an unlimited right to it, or he may convey or transfer it with certain reservations of right. Derivative title must always be by contract.
     2. Derivative conveyances are, those which presuppose some other precedent conveyance, and serve only to enlarge, confirm, alter, restrain, restore, or transfer the interest granted by such original conveyance, 3 Bl. Com. 321.

References in periodicals archive ?
The indemnity payoff function of each of these policies resembles the payoff function of a specific derivative security and, hence, can be priced by applying the option-pricing framework.
He demonstrated that the neutrosophic probability of the true price of the derivative security being given by any theoretical pricing model is obtainable as NP (H [intersection] [M.
For 0 [less than or equal to] t [less than or equal to] T, the derivative security receives a payment flow rate specified by [D.
In deprivation appraisals, the term is broadly defined to include things such as tangible personal property, intangible assets and intellectual properties, business entities and interests and direct and derivative security interests.
The Bank is a recognized leader for trust services in several debt products, including corporate and municipal debt, mortgage-backed and asset-backed securities, derivative security services and international debt offerings.