In a(n) ____ swap, the notional value is reduced over time.

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In an amortizing swap, the notional value is gradually reduced over time, typically to reflect the underlying amortization of a loan or bond. Accreting swaps, on the other hand, start with a smaller notional value and increase over time. Forward swaps involve an agreement to exchange fixed and floating-rate payments at a specified future date. Zero-coupon swaps involve the exchange of a fixed payment for a floating payment based on a notional amount, but without any periodic interest payments. Putable swaps give one party the option to terminate the swap early.

In A(n) ____ Swap, the Notional Value Is Reduced Over