Interest Rate Swap

Business / Finance / Interest Rate Swap: A binding agreement between counterparties to exchange periodic interest payments on some predetermined dollar principal, which is called the notional principal amount. For example, one party will pay fixed and receive variable.

Other Words for Interest

Interest Noun Synonyms: attention, attentiveness, concern, regard, curiosity, scrutiny, notice, engagement
Interest Adjective Synonyms: concern, significance, importance, weight, moment, note, consequence
MORE

Other Words for Rate

Rate Noun Synonyms: rank, grade, class, classify, evaluate, estimate, calculate, compute, count, reckon, judge, gauge, assess, appraise, measure
Rate Verb Synonyms: measure, pace, gait, speed, velocity, clip
MORE

Swap

Business / Finance / Swap: Maximum rate of growth a firm can sustain without increasing financial leverage. MORE

Asset Swap

Business / Finance / Asset Swap: An interest rate swap used to alter the cash flow characteristics of an institution's assets in order to provide a better match with its liabilities. MORE

Swap Rate

Business / Finance / Swap Rate: The sale of an interest rate swap by one counterparty to the other, effectively ending the swap. MORE

Swap Sale

Business / Finance / Swap Sale: An interest rate swap designed to end a counterparty's role in another interest rate swap, accomplished by counterbalancing the original swap in maturity, reference rate, and notional amount. MORE

Swaption

Business / Finance / Swaption: Also called a swap assignment, a transaction that ends one counterparty's role in an interest rate swap by substituting a new counterparty whose credit is acceptable to the other original counterparty MORE

Liability Swap

Business / Finance / Liability Swap: An interest rate swap used to alter the cash flow characteristics of an institution's liabilities so as to provide a better match with its assets. MORE

Links
Home
Glossary
Thesaurus