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swap Definition

swap (swäp, swôp)

transitive verb, intransitive verb swapped, swap′·ping

to exchange, trade, or barter

Etymology: ME swappen, to strike (prob. echoic): from the striking of hands on concluding a bargain

noun

  1. an exchange, trade, or barter
  2. Finance a negotiated contract as between two corporations for a mutually beneficial exchange of currencies, loans, etc.

swap Related Forms

swap′·per noun

swap Synonyms

swap

v.

interchange, trade, barter; see exchange 2.

swap Finance Definition

A custom-made and negotiated transaction designed to manage financial risk over a period of 1 to 12 years. Two individuals can create a swap, or a swap may be made through a third party such as a brokerage firm or a bank. Swaps are used to manage risk and often settlements occur in cash, not in delivery of the actual product or financial instruments. Examples of swap transactions include currency swaps, interest rate swaps, and price swaps for a variety of commodities. An example of a currency swap is an agreement to sell $1 million of Japanese yen three months in the future at ¥116.50.

swap Usage Examples

Object

  • story: People of all ages chatted to each other, swapping stories of why they had come.
  • gossip: I miss those lunchtimes where we had giggly, girly times together, picnicking on fruit and swapping gossip.
  • shirt: Sporting union jacks and team uniform, team GBR mingled with all other teams swapping t shirts and getting signatures.
  • anecdote: We were able to swap a few anecdotes, as we've been to Vermont, and it turned out they were UU's.
  • tale: Users swap tales a shame there internet's prime sports-betting banks internet service.
  • yarn: Its a village with a strong sense of community where locals sit swapping yarns in the village inn.

Converse of object

wanna: Then along came Mick " wanna swap for a GPZ750?

Adjective modifier

  • straight: It's a fairly straight swap - a Spanish central midfielder for an Italian one.
  • hot: Two encoders were ' prime ' and the other two were running as hot swaps should the primary feed fail.

Modifies a noun

  • partition: XXioctl swap device There are swap partitions in the XX type device.
  • deal: In January 2002, David returned south joining Brighton in a swap deal for Matthew Wicks.
  • space: Nobody wants to use a swap space with hundreds of bad blocks.
  • file: Also check on free disk space for the virtual memory swap file.
  • shop: May Swap shop; the swapping of plants etc. by members.

Followed by an intransitive particle

  • over: However, many climbers find the routes to be more logical and enjoyable if the starts are swapped over; the choice is yours.
  • around: We were quite surprised to find some controls had their codes swapped around later in the morning.

Noun used with modifier

  • debt-for-nature: In a historic agreement France and Cameroon have signed the first ever debt-for-nature swap.
  • wife: You see, the whole premise of Wife Swap relies on the undisputed assumption that a woman's place is in the home.
  • default: In a credit default swap, Peabody Bank buys protection from Europe Re, against a default by Global Telecoms.
  • inflation: We conclude with methods of reducing the cost of inflation swaps through conditional indexation on the coverage ratio of a fund.