Swaption

noun

noun ·Rare ·Advanced level

Definitions

Noun

1
An instrument granting the owner an option to enter an interest rate swap.
2
More generally, an option on any type of swap.

Etymology

Blend of swap + option.

Related phrases

interest rate swap

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.