TERM OF THE DAY swap Exchange of one type of asset, cash flow, investment, liability, or payment for another. Common types of swap include: (1) Currency swap: simultaneous buying and selling of a currency to convert debt principal from the lender'scurrency to the debtor's currency. (2) Debt swap: exchange of a loan (usually to a third world country) between banks. (3) Debt to equity swap: exchange of aforeign debt (usually to a Third World country) for a stake in the debtor country'snational enterprises (such as power or water utilities). (4) Debt to debt swap: exchange of an existing liability into a new loan, usually with an extendedpayback period. (5) Interest rate swap: exchange of periodic interest paymentsbetween two parties (called counter parties) ... Learn more about this term Usage Example Completing a swap of currency, interest rates, assets or other types of payments can help reduce the financial risk that comes with market fluctuations and volatility.

TRIVIA OF THE DAY Choose the Right Answer: (A) Donuts  (B) New Frontier Hotel and Casino  (C) Sun Records  (D) Pink Cadillac  Original image provided by brett jordan. Image was altered by adding text. License

FEATURED ARTICLE Developing an Action Plan Action plans, or road maps to accomplishing a set goal, are widely varied. They can be used for personal goals as well as career-related ones. While the content...