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formal swap
(Cambridge University slang) A social meal between two university societies (a swap) held at a formal hall; generally less associated with drinking games and rowdy behaviour.
formal swaps
plural of formal swap
swap body
(transport, freight) A demountable body, a type of freight container which can be transported by road or rail.
swap bodies
hot swap
(computing) To remove or replace a component while the computer is still running.
( present singular third-person )
( participle present )
( participle past )
( past )
swap lines
swap line
(banking) A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose alleviating a currency shortage.
swap meets
language swaps
plural of language swap
credit default swap
(finance) A credit derivative contract between two counterparties, whereby the buyer (seller of risk) makes periodic payments to the seller (buyer of risk) in exchange for the right to a payoff if there is a default or other credit event in respect of a third party called reference entity.