| 单词 | swap |
| 释义 | swap swap (also spelled swop) /; AmE / verb, noun
■ verb (-pp-)
1 [+ obj] to give sth to sb and receive sth in exchange: to swap ideas/information with colleagues
2 [+ obj or no obj] swap (sth/sb) (over/around/round) to change places with sb; to change the place of two or more people or things, so that each one finishes where the other one was before: The workers swap over when the shift finishes at 10. We swapped our desks around so I was nearer the door. SYN SWITCH
3 [+ obj] to replace sth with sth else: I'm swapping my car for a smaller model. Lenders have been asked to swap $1.3 billion of debt for a 97% stake in the company. SYN SWITCH
■ noun [C]
DEBT-EQUITY SWAP, DEBT-FOR-EQUITY SWAP, DEBT SWAP, INTEREST-RATE SWAP
1 an act of exchanging one thing or person for another: Let's do a swap. You work Friday night and I'll do Saturday.
2 (Finance ) an exchange of different types of payments between two companies, for example payments in different currencies or with different interest rates: The increased volume of swaps has boosted futures trading on the Mexican derivatives exchange.
3 (Finance ) an act of exchanging one investment or asset for another, instead of for money: The company is negotiating a swap deal with bondholders. The weakness of the stock market means that many deals are being carried out in cash rather than share swaps. |
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