derivative
Defined in 7 dictionaries — U.S. Code, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Black's (1891), Anderson (1889)
United States Code
26 U.S.C. § 59A — for purposes of this section (2 versions over time)
The term “derivative” means any contract (including any option, forward contract, futures contract, short position, swap, or similar contract) the value of which, or any payment or other transfer with respect to which, is (directly or indirectly) determined by reference to one or more of the following:
(i) Any share of stock in a corporation.
(ii) Any evidence of indebtedness.
(iii) Any commodity which is actively traded.
(iv) Any currency.
(v) Any rate, price, amount, index, formula, or algorithm.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Coming from another; taken from something preceding; secondary; as, derivative title, which is that acquired from another person. There is considerable difference between an original and a derivative title. When the acquisition is original, the right thus acquired to the thing becomes property, which must be unqualified and unlimited, and, since no one but the occupant has any right to the thing, he must have the whole right of disposing of it. But with regard to derivative acquisition it may be otherwise; for the person from whom the thing is acquired may not have an unlimited right to it, or he may convey or transfer it with certain reservations of right. Derivative title must always be by contract. Derivative Conveyances. Those which presuppose some precedent conveyance, and serve only to enlarge, confirm, alter, restrain, restore, or transfer the interest granted by such original conveyance. 3 Bl. Comm. 324.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Coming from another; taken from something preceding; secondary; as, derivative title, which is that acquired from another person. There is considerable difference between an original and a derivative title. When the acquisition is original, the right thus acquired to the thing becomes property, which must be unqualified and unlimited, and, since no one but the occupant has any right to the thing, he must have the whole right of disposing of it. But with regard to derivative acquisition it may be otherwise; for the person from whom the thing is acquired may not have an unlimited right to it, or he may convey or transfer it with certain reservation of right Derivative title must always be by contract. Derivative conveyances are those which presuppose some precedent conveyance, and serve only to enlarge, confirm, alter, restrain, restore, or transfer the interest granted by such original conveyance. 3 Bla. Com. 324.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
Coming from another; taken from something preceding; secondary; that which has not its origin in itself, but owes its existence to something foregoing.
— Derivative conveyances. Conveyances which presuppose some other conveyance precedent, and only serve to enlarge, confirm, alter, restiain. restore, or transfer the interest granted by such original conveyance. They are releases, confirmations, surrenders, assignments, and defeasances. 2 Bl. Comm. 324.
A Dictionary of Law
Henry Campbell Black · 1891
Coming from another; taken from something preceding; secondary; that which has not its origin in itself, but owes ils existence to something foregoing.
A Dictionary of Law
William C. Anderson · 1889
See Acquisition; Conveyance, 2.