Go to MSN Homeencarta®
Dictionary
Find
in
Dictionary
Thesaurus
Translations
ABCDEFGHIJKLMNOPQRSTUVWXYZ
Click to move up the list of words
debilitating
debility
debit
debit card
debonair
debone
debouch
Debrecen
débridement
debrief
debriefing
debris
debt
debt capacity
debt collector
debt consolidation
debt/equity ratio
Click to move down the list of words
Also available:

World English Dictionary
Dictionnaire Français

debt swap
debt swap (plural debt swaps)


noun 
Definition:
 
exchange of debts: an exchange of financial obligations, especially between corporations or governments, in order to gain profit or a more convenient repayment schedule
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
Advertisement
© 2009 Microsoft