A CDS is considered insurance against non-payment and is also a tradable security.

Exchange Voucher: refers to a voucher that may be exchanged for one or more Services organised and/or sold by the Vendor.

Voucher" refers to a ticket that can be exchanged for one or more Services organised and sold by the CITÉ DU CHAMPAGNE.

(k) Short-selling A short sale involves the sale of a security that a hedge fund does not own in the hope of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price.

Although mathematical content is usually cross-cultural and multilingual, and as such exchangeable between all European countries, we identified several obstacles for this exchange.