I will tell you what a derivative is, but I will take a while to get there, and you may feel cheated. That is okay. If you want to understand derivatives, you must learn to live with uncertainty, and also with feeling cheated.
Source: http://www.npr.org/blogs/money/2012/10/17/163038597/ask-a-banker-whats-a-derivative?ft=1&f=127413671
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