SWAPTION
Etymology
Noun
swaption (plural swaptions)
(finance) An instrument granting the owner an option to enter an interest rate swap.
(finance) More generally, an option on any type of swap.
Source: Wiktionary
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Word of the Day
13 June 2025
AIRPLANE
(noun) an aircraft that has a fixed wing and is powered by propellers or jets; “the flight was delayed due to trouble with the airplane”
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