Derived Credential, generically, is a credential (or a ticket or token) that was derived based on the claims for the
allows access to a particular Protected Resource based on claims for the subject.
We assume this would be similar to the adding of a Payment Card to a Digital Wallet so the representation within the Digital Wallet is a Derived Credential from the Payment Card.
NIST.SP.800-157 is titled "Guidelines for Derived Personal Identity Verification (PIV) Credentials".
The Electronic Authentication Guideline, NIST.SP.800-63, defines a derived credential more broadly as: A credential issued based on Proof-of-Possession and control of a claim associated with a previously issued credential, so as not to duplicate the Identity Proofing process.