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An agreement between two parties to exchange interest rate obligations for the benefit of both parties; usually exchanges a fixed-rate payment for a floating-rate payment.

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The CFA Institute Investment Foundations Program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry.


1. An agreement between two parties to exchange interest rate obligations for the benefit of both parties; usually exchanges a fixed-rate payment for a floating-rate payment.





 
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