Receive fixed counterparty

Definition:

The transactor in an interest rate swap who receives payments based on the fixed rate and makes payments based on the floating rate.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

First preferred stock

A type of preferred stock that has priority over other preferred issues and common stock when claiming dividends and assets.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio