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swap line. In DICTIOUS you will not only get to know all the dictionary meanings for the word
swap line, but we will also tell you about its etymology, its characteristics and you will know how to say
swap line in singular and plural. Everything you need to know about the word
swap line you have here. The definition of the word
swap line will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
swap line, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
swap + line (of credit)
Noun
swap line (plural swap lines)
- (banking) A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose alleviating a currency shortage.
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