swap
verb [ T ]
( UK also swop) uk/swɒp/ us-pp- FINANCE
to exchange one investment for another:
Lenders agreed to swap part of Eurotunnel's £8.8 billion debt for shares.
FINANCE
to exchange payments on a loan in one currency for those in another:
The county will swap its variable-rate interest payments for the certainty of a fixed rate payment.
to exchange something you have for something else:
John and Marla agreed to swap offices.
swap sth for sth Most consumers said they wouldn't swap the product for a cheaper own-label brand.
swap sth with sb Do you want to swap seats with me?
swap
noun [ C ]
( UK also swop) uk/swɒp/ us FINANCE
a situation in which one investment is exchanged for another:
Many investors carry out debt-for-equity swaps.
FINANCE
a situation in which payments on a loan in one currency are exchanged for those in another:
A firm that wants a US dollar loan can arrange with a firm that wants a floating rate Yen loan for an interest rate swap.
a situation in which someone exchanges something they have for something else:
Her boss suggested they do a job swap for a day.
See also
currency swap
debt-equity swap
interest rate swap
credit default swap