swap means: A contract in which two entities borrow to one another on terms that are different, such as in different currencies or at different interest rates. (in Stock Market Dictionary)
What else does swap mean?
- Exchange one thing for another. (in Merlin Dictionary)
- A trade of something for another. (in Merlin Dictionary)
- An agreement in which two people agree to make periodic interest payments. This is especially true when the one-time payment is fixed and the other changes according to the performance rate of the reference rate. (in Merlin Dictionary)