bond swap
Definition
The simultaneous sale of one bond issue and the purchase of another, to stretch out maturities or for tax reasons. If a bond swap is done for tax reasons, the investor cannot swap into a security that the IRS considers basically the same as the security that he/she swapped out of.
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Related Terms
swap, matrix trading, pickup
'bond swap
' appears in the definitions of these terms on BusinessDictionary.com
maturity swap, quality swap, yield swap
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