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International Swap Dealers Association

International Swap Dealers Association definition - finance
The trade association for the swaps industry. Swaps are a method of creating financial investments by agreeing to trade different investments at a set time in the future. The trade group attempts to promote standardized practices, terminology, and agreements. Swaps are used across the financial services industry and by corporations to lock in returns or minimize risk.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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