interest rate swap

in·ter·est rate swap

I i

Definitions of interest rate swap words

noun interest rate swap An interest rate swap is a contract where two parties exchange the cash flow from interest rates. 0
noun interest rate swap 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. 0

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A common word. It’s meaning is known to most children of preschool age. About 94% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

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