Business, Legal & Accounting Glossary
Exchange of interest rates by two financial institutions without changing the terms of their loans or having to refinance. The swap usually occurs when one institution has a variable interest rate and the other has a fixed rate and both would like to take over the rate that the other has. The swap then occurs, and is carefully monitored by economists because it gives an idea of the health of the market.
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This glossary post was last updated: 16th November, 2021 | 0 Views.