Home » Dictionary » swaption


 n.— «“Another thing the county can do which the typical homeowner cannot is change interest rates without repaying the debt and taking out a new loan. This is done through what is sometimes called a swap.” Lancaster County still has three swaps and three “swaptions,” which are options to do a swap, outstanding.» —“County wins 2 bets on swaps” by Helen Colwell Adams LancasterOnline.com (Lancaster, Pennsylvania) Oct. 28, 2007. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Moon Palace (episode #1552)

What happens in a classroom of refugee and immigrant youngsters learning English? Their fresh approach to language can result in remarkable poetry — some of which is collected in the anthology England: Poems from a School. Also, new language among...

“Please?” to Mean “Excuse Me?”

Susan, a librarian in Grant County, Kentucky, says her spouse, who is from the Cincinnati area, uses the expression Please? to mean “How’s that?” or “Come again?” or “Excuse me?” to get someone to repeat a...