swap line
nounEtymology
Definitions
A procedure whereby a central bank (usually the United States Federal Reserve) trades…
A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose of alleviating a currency shortage.
- [Donald Trump] could determine which countries have access to swap lines, and on what terms. Swap lines are the lifeblood of the entire global financial system. It's hard to imagine a greater source of leverage for the administration.
The neighborhood
Vish — recursive loop
No curated loop yet for swap line. 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