Definition of swaption in English:
An option giving the right but not the obligation to engage in a swap.
- But at least I could read up on swaps, options and swaptions while I was delayed.
- What we use are pretty simple things that are called interest-rate swaps, where we turn a short-term instrument into a longer-term instrument, or options or ‘swaptions.’
- How the hell was anyone even supposed to understand all this with its ‘puts’ and ‘calls’, ‘options’ and ‘swaps and ‘swaptions’ in currency, bonds, stocks and interest rates?
Definition of swaption in:
- British & World English dictionary