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Preferred term

interest rate swaps  

Definition

  • A swap is an exchange of one asset (or liability) for another in order to change some of the characteristics of the asset being held by an investor. Usually the objective of the investor is to change only a few, even only one, of the characteristics of the asset. [Source: Encyclopedia of Business in Today's World; Interest Rate Swaps]

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URI

https://concepts.sagepub.com/social-science/concept/interest_rate_swaps

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