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
4 April 2025
GUILLOTINE
(verb) kill by cutting the head off with a guillotine; “The French guillotined many Vietnamese while they occupied the country”
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