swaption

Definition of "swaption"
  1. A choice to engage in a type of swap deal at a predetermined future date
How to use "swaption" in a sentence
  1. The company exercised its swaption to maximize its financial stability.
  2. The firm had a swaption at hand but was unsure if it was going to avail itself of it.
  3. In an uncertain economic climate, holding a swaption can provide some financial flexibility.
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