Financial

Absolute-Rate Swap

An interest rate swap in which the fixed interest rate is given a numerical value. That is, the fixed interest rate is expressed by an absolute rate, say, 5%. Virtually all plain vanilla swaps are absolute rate swaps.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.