Swaption Definition

swŏpshən
noun
An option giving the buyer the right to enter into a swap agreement by a specified date.
American Heritage

Other Word Forms of Swaption

Noun

Singular:
swaption
Plural:
swaptions

Origin of Swaption

  • Blend of swap and option.

    From Wiktionary

  • Blend of swap option

    From American Heritage Dictionary of the English Language, 5th Edition

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Unscrambles

swaption