Savings Account
An account where deposited funds are intended to stay for a short term period, with slow turnover. Savings accounts offer lower interest rates than market rates.
Swap
An arrangement where two parties lend to each other on fixed or floating, but different terms, which can mean either in different currencies or interest rates. There are many different types of swaps. Some of these are commodity swap, interest rate swap, currency swap, bond swap, variance swap, etc.
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- Finance Basics
