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English definition of “swap”

swap

verb [T] (-pp-) ( UK also swop)     /swɒp/
FINANCE to exchange one investment for another: Lenders agreed to swap part of Eurotunnel's £8.8 billion debt for shares.
FINANCE to exchange payments on a loan in one currency for those in another: The county will swap its variable-rate interest payments for the certainty of a fixed rate payment.
to exchange something you have for something else: John and Marla agreed to swap offices.swap sth for sth Most consumers said they wouldn't swap the product for a cheaper own-label brand.swap sth with sb Do you want to swap seats with me?
(Definition of swap verb from the Cambridge Business English Dictionary © Cambridge University Press)
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