(finance) A financial derivative that transfers both the credit risk and market risk of an underlying asset.

plural of credit default swap

simple past tense and past participle of swap horses in midstream

present participle of swap horses in midstream

Third-person singular simple present indicative form of swap horses in midstream

(idiomatic) Alternative form of change horses in midstream

(finance) A contract to exchange the benefit of one interest rate with another. Often a fixed interest rate is exchanged for a variable rate so as to allow one party to remove an exposure to a variable rate for which they pay a premium on the fixed rate in order to compensate for this 'insurance'. The two rates can also be based on different currencies.

plural of interest rate swap

plural of total return swap

(computing, of hardware) That can be inserted or removed without switching off the computer.