swap noun (LOAN PAYMENTS) translate to Traditional Chinese Cambridge dictionaries logo

Translation of "swap" - English-Traditional Chinese dictionary

swap

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.Borrowing, lending and debt
(Definition of swap noun (LOAN PAYMENTS) from the Cambridge English-Chinese (Traditional) Dictionary © Cambridge University Press)
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