The type of financial security having payoffs which are connected to some securities Issued some time back is classified as

Name: The type of financial security having payoffs which are connected to some securities Issued some time back is classified as
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Derivative securities have payoffs that are dependent on or derived from other securities such as stocks, bonds, commodities, currencies, interest rates, and market indexes. These underlying assets can be securities issued in the past.

The Type of Financial Security Having Payoffs Which Are Connected