nonderivative

1 of 2

adjective

non·​de·​riv·​a·​tive ˌnän-di-ˈri-və-tiv 

1

: 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

2 of 2

noun

: 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.

Word History

First Known Use

Adjective

1849, in the meaning defined at sense 1

Noun

1852, in the meaning defined above