Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,901,450,914 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Zero Basis Risk Swap
(redirected from zebra)

   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.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?   Financial browser?   Full browser?
No references found
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
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.