Derivative: Difference between revisions
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# | # Abbreviation for derivative financial instrument. | ||
# ''Maths''. A derivative function describes the rate of change of the underlying function, with respect to changes in one of the variables in the underlying function. | # ''Maths''. A derivative function describes the rate of change of the underlying function, with respect to changes in one of the variables in the underlying function. | ||
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::: The second derivative describes the rate of change of the slope. In other words the degree of curvature, at a given point. | ::: The second derivative describes the rate of change of the slope. In other words the degree of curvature, at a given point. | ||
== See also == | == See also == | ||
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* [[Embedded derivative]] | * [[Embedded derivative]] | ||
* [[Greeks]] | * [[Greeks]] | ||
Revision as of 22:00, 29 April 2016
- Abbreviation for derivative financial instrument.
- Maths. A derivative function describes the rate of change of the underlying function, with respect to changes in one of the variables in the underlying function.
- The first derivative describes the slope of the function curve at a given point on the curve.
- The second derivative describes the rate of change of the slope. In other words the degree of curvature, at a given point.
