Financial Definition of Swap
Meaning of Swap
An arrangement whereby two companies lend to each other on different terms, e.g. in different currencies, and/or at different interest rates, fixed or floating.
International Trade Meaning and Definition of Swap
An agreement to exchange two liabilities (or assets) and, after a prearranged length of time, to reexchange the liabilities (or assets).
Related Entries of Swap in the Encyclopedia of Law Project
Browse or run a search for Swap in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Swap in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Swap in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Swap in the Legal Abbreviations and Acronyms Dictionary.
You might be interested in these references tools:
|Swap in the Dictionary||Swap in our legal dictionaries|
|Related topics||Browse topics from the World Wiki Encyclopedia of Law|
|Browse the Legal Thesaurus||Find synonyms and related words of Swap|
|Legal Maxims||Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law|
|Legal Answers (Q&A)||A community-driven knowledge creation process, of enduring value to a broad audience|
|Related topics||Swap in the World Encyclopedia of Law|
What is Swap?
Vocabularies (Semantic Web Information)
|Topic Map||A group of names, occurrences and associations|
|Topic Tree||A topic display format, showing the hierarchy|
|Sitemap Index||Sitemap Index, including Taxonomies|
|https://legaldictionary.lawin.org/swap||The URI of Swap (more about URIs)|
Swap Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Swap in a way that is easy for anybody to understand: Financial contract in which two parties agree to exchange net streams of payments over a specified period. The payments are usually determined by applying different indices (e.g., interest rates, foreign exchange rates, equityindices) to a NOTIONAL amount. The term notional is used because swap contracts generally do not involve exchanges of PRINCIPAL.