derivative


 

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Definition: 

In finance, derivatives are financial instruments that are linked to a specific financial instrument, or indicator or commodity, and through which specific financial risks can be traded in financial markets in their own right; their value derives from the price of the underlying item (i.e. the reference price) and, unlike debt instruments, no principal amount is advanced to be repaid and no investment income accrues. (Source: http://stats.oecd.org/glossary/index.htm - used in UNCCD)

  • In chemistry, a derivative is a compound that is derived from a similar compound by some chemical or physical process (Source: Wikipedia), while in biodiversity related context derivatives refer to products of any biotic component of ecosystems, in particular genetic resources, with actual or potential use or value for humanity (Source: based on CBD, Art. 2). The Nagoya protocol defines a derivative as 'a naturally occurring biochemical compound resulting from the genetic expression or metabolism of biological or genetic resources, even if it does not contain functional units of heredity' (Source: Nagoya Protocol, Art. 2)

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