Meaning of swap In English

• 0 to give something and be given something else instead:

  • When you've finished reading your book, and I've finished mine, can we swap?

  • We swapped addresses with the people we met on holiday.

  • When he got a job in a bank, he had to swap his jeans and T-shirt for a suit (= he had to wear formal clothes instead of informal ones).

  • [ + two objects ] I'll swap you my chocolate bar for your peanuts.

  • We spent the evening swapping (= telling each other) stories/jokes.

• 1 an exchange, or something that is going to be or has been exchanged:

  • I thought Sam's lunch looked better than mine, so we did a swap.

  • UK This comic is a swap (= something that was exchanged) that I got from Nick.

• 2 to exchange one thing for another:

  • [ T ] The two computers can easily swap data.

• 3 to exchange one investment for another:

  • Lenders agreed to swap part of Eurotunnel's £8.8 billion debt for shares.

• 4 to exchange payments on a loan in one currency for those in another:

  • The county will swap its variable-rate interest payments for the certainty of a fixed rate payment.

• 5 to exchange something you have for something else:

  • John and Marla agreed to swap offices.

  • swap sth for sth Most consumers said they wouldn't swap the product for a cheaper own-label brand.

  • swap sth with sb Do you want to swap seats with me?

• 6 a situation in which one investment is exchanged for another:

  • Many investors carry out debt-for-equity swaps.

• 7 a situation in which payments on a loan in one currency are exchanged for those in another:

  • A firm that wants a US dollar loan can arrange with a firm that wants a floating rate Yen loan for an interest rate swap.

• 8 a situation in which someone exchanges something they have for something else:

  • Her boss suggested they do a job swap for a day.