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Basis swap - Definition and Overview |
| Related Words: Affirmation, Ambition, Angle, Aspiration, Assertion, Assumption, Axiom, Base, Basement, Bed, Bedding, Bedrock, Bottom, Burden, Call, Calling, Case, Causation, Cause |
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A basis swap is an interest rate swap which involving exchange of two floating rate financial instruments denominated in the same currency. A floating-floating interest rate swap under which the floating rate payments are referenced to different bases.
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Example Usage of Basis |
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KyleMacManus: Delonte West had a fucking awesome game! I love having him back on a more regular Basis. |
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SxyScot: @Tad40 ah you go on the Basis I pay attention to the wrapper!! |
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alesacm: If anyone wants to play dress up and go to tea parties with me on a regular Basis, I'm probably up for that. |
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