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 ?
where the derivatives of D are calculated at ([theta]*, [phi]*, [P.
They were based on appraisals of buildings so you're getting what the market has actually has done rather than a sense of what it's going to do, which is essential to the derivative market.
Accordingly, firms using the fair value option could mark to market both the credit derivative and the hedged position and report changes in their fair values in current earnings.
The Dutch government was so skeptical of these mysterious goings-on that it passed laws making derivative contracts unenforceable in government courts.
Two problems have emerged: (1) The exemption is narrowly defined, such that many purchases and sales must still be accounted for as derivative contracts, and, in any case, the effort to assess whether FAS 133 applies has not been obviated; and (2) applying the normal purchase-and-sales exemption may mask a company's risks and opportunities.
While all companies that use derivative and hedging strategies will have to work with the new standard, banks, insurance companies and utilities in particular will feel its effects.
Regardless of the actual rights and wrongs of the four cases, the bank struggled to recover from the perception that it had in some cases taken advantage of its clients' na[ddot{i}]vet[acute{e}] to sell them profitable, but spectacularly inappropriate, derivative products.
For Rice, 41, it's meant building his firm into an operation specializing in municipal interest-rate swaps, one of several types of securities known as derivatives.
Scholes of Stanford University were lauded by the Royal Swedish Academy of Sciences for developing a formula for pricing derivatives such as stock options.
The trouble starts when leverage is involved, when people take too great a risk because they don't understand the derivative instrument.
Under the proposed Partial Derivative Settlement, S&J, on behalf of all Released Parties (as defined in the Stipulation) has agreed to adopt certain corporate governance changes and to pay Plaintiff's Counsel such amount as ordered by the Court up to an amount of $70,000.
CBRE Melody/GFI's brokering desk will be located in GFI's offices in New York and initially staffed by Phil Barker, GFI's VP, real estate derivatives.