Amortizing interest rate swap

Amortizing interest rate swap

Swap in which the principal or notional amount declines over time.

Amortizing Interest Rate Swap

An interest rate swap with no special features, except for the fact that the notional amount over which the interest is calculated declines over time. See also: Plain vanilla swap.
References in periodicals archive ?
The company also said it received the second drawdown of US$50 million through a loan with NMB that totalled US$100 million, and its subsidiary, Aracruz Trading, contracted a forward start amortizing interest rate swap with J.
NYSE: ARA) (the major Brazilian pulp exporter), contracted a forward start amortizing interest rate swap with J.