Other forms: derived; derives; deriving
If you want to talk about something that comes from something else, but you want to sound sophisticated and maybe financial or scientific, use derive, like so: That scent? It's derived from a solution of roses boiled with toothpicks.
The word derive derives from (see how we did that?) the Latin rivus or stream, as in water. That image of the stream may help you remember the meaning of derive; you may picture tracing tiny streams back to their main source. Derive is a verb, as you can see, but it's often in the news in the noun form derivative: something that is derived from something else, as in "juice is a derivative of an orange."