From Longman Business Dictionaryderivative productdeˌrivative ˈproduct [countable]FINANCE a financial product such as a FUTURE or OPTION rather than the actual shares, currencies etc that they relate to. Options give the buyer the right to buy shares etc at a fixed price within a particular period of time, and futures allow the buyer to buy a fixed amount of a currency, farm product etc at a fixed price for delivery laterThe unit was formed last year to trade interest-rate swaps, currency swaps and other derivative products. → product
