nonderivative
adjective
non·de·riv·a·tive
| \ ˌnän-di-ˈri-və-tiv
\
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Definition of nonderivative
(Entry 1 of 2)
: not derivative
… sought to emancipate American art and literature from British authority by calling for nonderivative works that would be commensurate with the spirit and grandeur of the new land.— Robert Bernard Hass
2
: not of, relating to, or being a derivative
nonderivative securities
nonderivative
nounDefinition of nonderivative (Entry 2 of 2)
: something that is not a derivative
The fixed income maturity group spans all types of loans, but also cash and corporate bonds, time deposits, mortgages and all traded nonderivatives.— Willi Brammertz et al.
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