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 ?
Interest Rate Hedging: The transaction includes an interest rate swap, where 2017-B will swap liabilities to a fixed rate by an individual amortizing interest rate swap.