to trade or exchange (something or someone) for another
noun
2.
an exchange
3.
something that is exchanged
4.
(finance) Also called swap option, 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)
Derived Forms
swapper, swopper, noun
Word Origin
C14 (in the sense: to shake hands on a bargain, strike): probably of imitative origin