An advantage of a ____ over other interest rate swaps is that the fixed-rate payer has the flexibility to avoid exchanging future interest payments.

Name: An advantage of a ____ over other interest rate swaps is that the fixed-rate payer has the flexibility to avoid exchanging future interest payments.
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A callable swap gives the fixed-rate payer the option to terminate the swap before its maturity, allowing them to avoid exchanging future interest payments if it becomes advantageous for them.

An Advantage of a ____ Over Other Interest Rate Swaps