swap


Definition
An exchange of streams of payments over time according to specified terms. The most common type is an interest rate swap, in which one party agrees to pay a fixed interest rate in return for receiving a adjustable rate from another party.


Related Terms

asset swap -  More

bond swap -  More

liability swap -  More

Related Personal Finance Articles

Loading...

swap in the news

Loading...

Enter your email address to get our free Term of the Day newsletter!

swap is ...

... part of the Lending & Credit subject.

Search volume for swap

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z