
A financial instrument giving the buyer the right, or option, to enter into a swap as a floating-rate payer. The writer of the swaption therefore becomes the floating-rate receiver/fixed-rate payer.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm

A financial tool in which the buyer has the right, or option, to enter into a swap as a floating-rate payer. The writer of the swaption therefore becomes the floating-rate receiver/fixed-rate payer.
Found on
http://www.encyclo.co.uk/local/20047

A financial instrument giving the buyer the right, or option, to enter into a swap as a floating-rat
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.