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World English Dictionary

swap or swop (swɒp)

—vb , swaps, swapping, swapped, swops, swopping, swopped
1.	to trade or exchange (something or someone) for another

—n
2.	an exchange
3.	something that is exchanged
4.	finance swap option, Also called: swaption a contract in which the parties to it exchange liabilities on outstanding debts, often exchanging fixed interest-rate for floating-rate debts (debt swap), either as a means of managing debt or in trading (swap trading)

[C14 (in the sense: to shake hands on a bargain, strike): probably of imitative origin]

swop or swop

—vb

—n

[C14 (in the sense: to shake hands on a bargain, strike): probably of imitative origin]

'swapper or swop

—n

'swopper or swop

—n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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