Interest Rate Swap Definition
noun
A contract to exchange the benefit of one interest rate with another. Often a fixed interest rate being exchanged for a variable rate so as to allow one party to remove an exposure to a variable rate for which they pay a premium on the fixed rate in order to compensate for this 'insurance'. The two rates can also be based on different currencies.
Wiktionary
Other Word Forms of Interest Rate Swap
Noun
Singular:
interest rate swap
Plural:
interest rate swaps
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