ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SWAPS Definition
SWAPS is when one currency is temporarily exchanged for another, then the currency is held and exchanged later after a fixed period of time. To calculate the swap take the interest rate differential between the two underlying currencies, thus it may be used for speculative purposes to exploit anticipated movement in the interest rates. See INTEREST RATE SWAPS.
Learn new Accounting Terms
AFE, dependent upon usage, is an acronym for Authorization for Expenditure or Average Funds Employed.
LIABILITY RESERVE see RESERVE.
