interest rate swap
nounDefinitions
A contract to exchange the benefit of one interest rate with another. Often a fixed…
A contract to exchange the benefit of one interest rate with another. Often a fixed interest rate is exchanged for a variable rate so as to allow one party to remove an exposure to a variable rate for which they pay a premium on the fixed rate in order to compensate for this 'insurance'. The two rates can also be based on different currencies.
The neighborhood
Vish — recursive loop
No curated loop yet for interest rate swap. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA