| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,901,450,914 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Zero Basis Risk Swap |
Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia | 0.01 sec. |
|
|
Zero Basis Risk Swap An interest rate swap between a municipality and a financial institution. The municipality is the fixed rate payer and the financial institution is the floating rate payer. The floating rate the financial institution pays (and that the municipality receives) is identical to the adjustable interest rate on a floating rate note that the municipality previously issued. A ZEBRA makes a municipality's borrowing costs more predictable and therefore reduces its risk. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|