swap
(UK also swop) /swɒp/ noun [C]Definition
› 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(Definition of swap noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Dictionary
Browse the Thesaurus
More Results for “swap”
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
