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

24 February 2025

ANOMALY

(noun) (astronomy) position of a planet as defined by its angular distance from its perihelion (as observed from the sun)


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Coffee Trivia

According to Guinness World Records, the largest collection of coffee pots belongs to Robert Dahl (Germany) and consists of 27,390 coffee pots as of 2 November 2012, in Rövershagen, Germany.

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