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Sedaia [141]
3 years ago
14

Define swap in your own words?

English
2 answers:
horrorfan [7]3 years ago
7 0
A financial contract where two counterparties agree to exchange temporary payments based on a pre-determined rate.
astra-53 [7]3 years ago
4 0
A swamp is a derivative contract through which two parties exchange the cash flows or liabilities from two different financial instruments.
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