Asked by Adrianaya Roettger on Jun 01, 2024
Verified
Provide a suitable definition of swap contract.
Swap Contract
A financial agreement between two parties to exchange sequences of cash flows for a set period according to specified terms.
- Absorb the concepts, lexicon, and utilizations of assorted derivative mechanisms including futures, calls and puts options, swaps, and forwards, and their impact in the financial industry.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
An agreement by two parties to exchange, or swap, specified cash flows at specified intervals in the future.
Learning Objectives
- Absorb the concepts, lexicon, and utilizations of assorted derivative mechanisms including futures, calls and puts options, swaps, and forwards, and their impact in the financial industry.