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Floating Rate

A variable interest rate on one or two legs of a swap. This rate changes or floats every time the...

    Fixed-Then-Floating Bond

    A bond that pays a fixed amount of interest (coupon) for a specific period of time and then turns into...

      Put Swaption

      A put option on a swap in which the buyer has the right, but is not obliged, to enter into...

        Perfect Swap

        A swap agreement that is made between a municipality (a city or town local council) and a financial intermediary, in...