A(n) ________________ describes a transaction in which two parties exchange a floating-rate payment for a fixed-rate payment.

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An interest rate swap is a financial derivative instrument in which two parties agree to exchange one stream of interest payments for another, based on a specified principal amount. Typically, one stream of payments is fixed, while the other is variable, often based on a floating interest rate. This allows parties to manage exposure to interest rate fluctuations.

A(n) ________________ Describes a Transaction in Which Two Parties Exchange