June 20th, 2018

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Word of the Day 06/20/18 Derivative

Derivative (adjective, noun)
derivative [dih-riv-uh-tiv]
(previously 04-08-13)

1. derived.
2. not original; secondary.

3. something that has been derived.
4. Also called derived form. Grammar. a form that has undergone derivation from another, as atomic from atom.
5. Chemistry. a substance or compound obtained from, or regarded as derived from, another substance or compound.
6. Also called differential quotient; especially British, differential coefficient. Mathematics. the limit of the ratio of the increment of a function to the increment of a variable in it, as the latter tends to 0; the instantaneous change of one quantity with respect to another, as velocity, which is the instantaneous change of distance with respect to time.Compare first derivative, second derivative.
7. a financial contract whose value derives from the value of underlying stocks, bonds, currencies, commodities, etc.

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Origin: 1400–50; late Middle English derivatif < Late Latin dērīvātīvus, equivalent to Latin dērīvāt(us) (see derivation) + -īvus -ive

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