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Also available:
World English Dictionary
Dictionnaire Français
swaption
swap·tion
[
swópsh'n
]
(
plural
swap·tions
)
noun
Definition:
option on contract:
an option on a contract giving the holder the right to enter into a swap
[
Late 20th century. Contraction of swap option
]
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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