Protection

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Protection

1. See: Call protection.

2. A slang term for a credit default swap.
References in periodicals archive ?
Hickey [8] while discussing the extreme floods in the United States describes that: "Recent extreme flooding in the United States, Mississippi River Basin, 1993, Flint River Basin, 1994, Sacramento and San Joaquin River Basins, 1997, and the Red River Basin, 1997, has demonstrated the limitations of current flood protectional measures and heightened interest in nonstructural flood control.
In other words, the availability of credit will help the poor to meet 'promotional' (income creating) and protectional (consumption smoothing) purposes.
Even as this legislation was being enacted, further legislation was being planned to formalise Police-probation co-operation in the form of "multi-agency public protectional panels" (MAPPPs) and it was into this evolving context that the idea of Circles of Support and Accountability was first introduced to the Home Office.