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Finance Dictionary and Glossary of Investment Terms
Put swaption
Definition 1.
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.
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Definition 2.
A swaption in which the buyer has the right to enter into a swap as a floating-rate payer.
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