What is the definition of Receiver swaption? | Dictionary.net

RECEIVER SWAPTION

\ɹɪsˈiːvə swˈɒpʃən], \ɹɪsˈiːvə swˈɒpʃən], \ɹ_ɪ_s_ˈiː_v_ə s_w_ˈɒ_p_ʃ_ə_n]\

Definitions of RECEIVER SWAPTION

1910 - Black's Law Dictionary (2nd edition)

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A swap that allows the buyer to receive fixed rates but pay floating rates in interest. This happens when an asset falls below strike price. Refer to payer swapation.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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