swap

swap, n. Commercial law.

1. An exchange of one security for another.

2. A financial transaction between two parties, usu. involving an intermediary or dealer, in which payments or rates are exchanged over a specified period and according to specified conditions.

currency swap. An agreement to swap specified payment obligations denominated in one currency for specified payment obligations denominated in a different currency.

stock swap. In a corporate reorganization, an exchange of one corporation’s stock for another corporation’s stock. [Cases: Corporations 573, 575.]


专业法律词汇 词条贡献者
资深译员徐玲,知名法学院法律翻译专业,擅长翻译各类与财务重组相关的法律文件。
Scroll to Top