swap

American  

[swop] / swɒp /

especially British, swop

verb (used with object)

swapped, swapping

1. to exchange, barter, or trade, as one thing for another.

   He swapped his wrist watch for the radio.

2. to substitute (one thing) for another (sometimes followed byin ).

   Swap in red wine for white, since powerful nutrients are in the red grape's skin.

3. to replace (one thing) with another (sometimes followed byout ).

   To cut down on fat, swap cream for milk.

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verb (used without object)

swapped, swapping

1. to make an exchange.

noun

1. an exchange.

   He got the radio in a swap.

swap British  

/ swɒp /

verb

1. to trade or exchange (something or someone) for another

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noun

1. an exchange

2. something that is exchanged

3. Also called: swap option.   swaption.  finance a contract in which the parties to it exchange liabilities on outstanding debts, often exchanging fixed interest-rate for floating-rate debts ( debt swap ), either as a means of managing debt or in trading ( swap trading )

Other Word Forms

• swapper noun
• unswapped adjective

Etymology

Origin of swap

First recorded in 1300–50; Middle English swappen “to strike, strike hands (in bargaining)”; cognate with dialectal German schwappen “to clap, box (the ears)”

Related Words

• substitute
• switch
• trade