Some products also expose nearby people to toxic secondhand smoke. Find out more on the health effects of smoking, secondhand smoke, other tobacco products and marijuana. 1  Smoking is the leading cause of preventable death in the U.S., causing over 438,000 deaths per year. 2  Secondhand smoke is a serious health hazard for people of all ages, causing more than 41,000 deaths each year.
A financial market is a market in which people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural products.
From the economic point of view, financial derivatives are cash flows, that are conditionally stochastically and discounted to present value. The market risk inherent in the underlying asset is attached to the financial derivative through contractual agreements and hence can be traded separately.The underlying asset does not have to be acquired. Derivatives therefore allow the breakup of ownership and participation in the market value of an asset. Credit derivative products can take many forms, such as credit default swaps, credit linked notes and total return swaps. 2  Derivative: A financial contract whose value is derived from the performance of assets, interest rates, currency exchange rates, or indexes.