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The basic definitions that propel and power the ISDA Master Agreement. There are a lot more definitions in the definitions section of the 2002 ISDA, but part of that is that it helpfully cross-references terms that are defined in the body of the Agreement, whereas the 1992 ISDA does not.

We have put together a handy colour-coded grid of which definitions go in which edition of the ISDA Master Agreement which is surprisingly useful — so useful, in fact, that we are keeping it for our favourite subscribers in the premium section.

Accounting for those, here is a quick table of ins and outs:

Defined terms that are unique to the 1992 ISDA and 2002 ISDA

1987 ISDA	1992 ISDA	2002 ISDA
Business Day Specified Swap	Applicable Rate Loss Market Quotation Reference Market-makers Scheduled Payment Date Settlement Amount	Additional Representation Applicable Close-out Rate Applicable Deferral Rate Close-out Amount Convention Court Designated Event Determining Party Early Termination Amount electronic messages English law Force Majeure Event General Business Day Local Delivery Day Multiple Transaction Payment Netting Non-affected Party Other Amounts Payee Payer Scheduled Settlement Date Stamp Tax Jurisdiction Waiting Period