CDS can refer to different things depending on the context. Here are some possible meanings:
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Credit Default Swap: A financial swap agreement that allows the seller of the CDS to compensate the buyer in the event of a debt default or other credit event. The buyer of the CDS makes a series of payments to the seller and, in exchange, may expect to receive a payoff if the asset defaults.
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Certificate of Deposit: A type of savings account with a fixed interest rate thats usually higher than a regular savings account. A CD holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years.
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Controlled Dangerous Substance: A drug or chemical whose manufacture, possession, or use is regulated by the government due to its potential for abuse or harm. Examples of CDS include cocaine and oxycodone.
Without more context, it's impossible to determine which meaning of CDS is being referred to.
