ACCRETING SWAP
\ɐkɹˈiːtɪŋ swˈɒp], \ɐkɹˈiːtɪŋ swˈɒp], \ɐ_k_ɹ_ˈiː_t_ɪ_ŋ s_w_ˈɒ_p]\
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An OVERTHECOUNTER SWAP featuring a NOTIONAL PRINCIPAL balance that increases on a preset schedule or through the triggering of a market event, generally a breach of a defined INTEREST RATE level. Accreting swaps typically have a LOCKOUT PERIOD during which increases are prohibited. See also AMORTIZING SWAP, INDEX PRINCIPAL SWAP,REVERSE INDEX PRINCIPAL SWAP, VARIABLE PRINCIPALSWAP.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.