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English definition of “swap”

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swap

noun [C] ( UK also swop)
 
 
/swɒp/
FINANCE a situation in which one investment is exchanged for another: Many investors carry out debt-for-equity swaps.
FINANCE a situation in which payments on a loan in one currency are exchanged for those in another: A firm that wants a US dollar loan can arrange with a firm that wants a floating rate Yen loan for an interest rate swap.
a situation in which someone exchanges something they have for something else: Her boss suggested they do a job swap for a day.
→  See also currency swap , debt-equity swap , interest rate swap , credit default swap
Translations of “swap”
in Chinese (Traditional) 交換(物),交易(物)…
in Chinese (Simplified) 交换(物),交易(物)…
(Definition of swap noun from the Cambridge Business English Dictionary © Cambridge University Press)
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