Translation of "swap" - English-Traditional Chinese dictionary


noun [ C ] (LOAN PAYMENTS) (UK also swop) /swɒp/ US  /swɑːp/

a situation in which payments on a loan in one currency (= money of a particular country) are exchanged for those in another:

If a firm wants a fixed rate US dollar loan, it can seek out another firm which has an advantage in borrowing US dollars but wants a floating rate Yen loan. The two can then arrange an interest rate swap.

(Translation of “swap noun (LOAN PAYMENTS)” from the Cambridge English-Chinese (Traditional) Dictionary © Cambridge University Press)