Financial swap
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Financial swap (or, simply, swap) is an exchange of cash payment obligations. Usually occurs because the parties involved prefer someone else's payment pattern or type.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Swap. An exchange of cash payment obligations. Usually occurs because the parties involved prefer someone else's payment pattern or type.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
