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



RESET




Word of the Day

13 January 2025

SOAK

(noun) the process of becoming softened and saturated as a consequence of being immersed in water (or other liquid); “a good soak put life back in the wagon”


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Coffee Trivia

There are four varieties of commercially viable coffee: Arabica, Liberica, Excelsa, and Robusta. Growers predominantly plant the Arabica species. Although less popular, Robusta tastes slightly more bitter and contains more caffeine.

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