Bookout
The process of closing out a position in a swap contract or another OTC derivative agreement prior to maturity.

Investopedia Says:
The position is closed by taking an offsetting position (i.e. taking a short position if you're long) in the same contract or by paying the opposite party the market value of the swap agreement.

Related Terms:
Delivery Date
Fungibility
Maturity
Offset
OTC
Swap

• International Organization Of Securities Commissions (IOSCO)
• International Organization Of Securities Commissions (IOSCO)
• International Securities Association For Institutional Trade Communication (ISITC)
• International Securities Association For Institutional Trade Communication (ISITC)
• International Securities Exchange (ISE)
• International Securities Exchange (ISE)
• International Securities Identification Number (ISIN)
• International Securities Identification Number (ISIN)
• International Securities Market Association (ISMA)
• International Securities Market Association (ISMA)
• International Swaps and Derivatives Association (ISDA)
• International Swaps and Derivatives Association (ISDA)
• Internet Service Provider (ISP)
• Internet Service Provider (ISP)
• Interpolated Yield Curve (I Curve)
• Interpolated Yield Curve (I Curve)
• Interpolation
• Interpositioning
• Intertemporal Choice
• Interval Fund (Scheme)
• Inter-Vivos Trust
• Intestacy
• Intestate
• In The Money
• In The Penalty Box