
An interest rate swap (IRS) is a popular and highly liquid financial derivative instrument in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another. Interest rate swaps are commonly used for both hedging and specul...
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http://en.wikipedia.org/wiki/Interest_rate_swap

A binding agreement between counterparties to exchange periodic interest payments on some predetermined dollar principal, which is called the notional principal amount. For example, one party will pay fixed and receive variable.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosi.htm

A binding agreement between counterparties to exchange periodic interest payments on some predetermined dollar principal, which is called the notional principal amount. For example, one party will pay fixed and receive variable.
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http://www.encyclo.co.uk/local/20047

An agreement between two parties where one party exchanges a fixed regular payment in return for a variable payment linked to an interest rate.
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http://www.encyclo.co.uk/local/20211

A binding agreement between counterparties to exchange periodic interest payments on some predetermi
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http://www.encyclo.co.uk/local/22402

A derivative in which one party agrees to pay a fixed interest rate in return for receiving a floating interest rate from another party.
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http://www.encyclo.co.uk/visitor-contributions.php

An arrangement in which two parties agree to exchange periodic interest payments, at agreed... <a target=_blank href='http://www.finance-glossary.com/terms/interest-rate-swap.htm?id=1738&ginPtrCode=00000&PopupMode=false' title='Read full definition of interest rate swap'>more</a>
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Is the contract whereby one party typically agrees to exchange a floating rate for a fixed coupon rate. There are many variations to this theme. Some of these other swaps can be cross border, fixed-for-fixed, or floating-for-floating. The common denominator to these transactions is the swapping of cashflows and not principal amounts. There are pred...
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http://www.oasismanagement.com/glossary/

a transaction between two parties where each agrees to exchange payments tied to different interest rates for a specified period of time, generally based on a notional principal amount.
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https://www.encyclo.co.uk/local/21674
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