Focus on the pronunciation of swap
English definition of “swap”
swap (UK also swop)
/swɒp/ noun [C]
› 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