The notional principal is decreased over the life of:

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In an amortized swap, the notional principal is decreased over time through a series of regularly scheduled payments. This is in contrast to a constant yield swap, where the notional principal remains constant throughout the life of the swap. Rate-capped swaps also involve a fixed notional principal amount, while forward swaps and constant maturity swaps are structured differently and do not involve changes to the notional principal.

The Notional Principal Is Decreased Over the Life Of