swap  (sw ŏp)
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v. swapped, swap·ping, swaps v.intr. To trade one thing for another. v.tr. To exchange (one thing) for another. n.1. An exchange of one thing for another. 2. A contract in which two parties agree to exchange periodic interest payments, especially when one payment is at a fixed rate and the other varies according to the performance of a reference rate, such as the prime rate.
[Middle English swappen, to strike, strike the hands together in closing a bargain.]
swapper n. |