See Also: Swap(money)
Swap(finance)
Tax swap(finance)
swap(1)(dictionary)
swap(2)(dictionary)
swap(dictionary)
Tax swap(money)
Quanto swap(finance)
Non deliverable swap(finance)
Liability swap(finance)

swap (iou)



swap verb. Also swop. Infl. -pp-. ME.
[Prob. imit. of a smart resounding blow: cf. German dial. Schwappe in same sense, schwappen make a clapping or splashing noise.]
I.
verb trans. Move (something) quickly or briskly, esp. so as to hit something else; fling, throw forcibly; refl. sit down with force, plump oneself down. Long arch. exc. Scot. ME.
a. verb trans. Strike, hit; cut, chop. Later only foll. by off. Long arch. exc. Scot. LME.
b. verb intrans. Strike a person or thing; deal a blow or blows. Now rare or obsolete. LME.
a. verb intrans. Move with haste or violence, esp. so as to hit something; sink or fall down suddenly; rush, fling oneself somewhere. Now rare or obsolete. LME.
b. verb intrans. & trans. (with it). Flap or beat up and down. E16.
c. verb trans. Pounce on, seize. E18.
verb trans. Drink quickly, toss off; eat up, devour. Foll. by down, off, up. Long obsolete exc. Scot. E16.
II. a. verb intrans. Strike hands in token of an agreement or bargain. rare. Only in LME.
b. verb trans. Strike (a bargain). Also foll. by up. L16-L17.
Chiefly colloq.
a. verb trans. Give in exchange for something else; exchange (a thing) with another person; barter; change. Also foll. by away, off. L16.
swap horses in midstream: see HORSE noun.
J. Carew We swapped stories about the doctor and Indra. G. Boycott They brought in Malcolm Marshall for Roberts, swapping one..fast bowler for another. She Few of us could imagine permanently swapping gender. Times Literary Supplement He even swapped pulpits with a local rabbi.
b. verb intrans. Make an exchange (with someone). L18.
Sun He and his first wife used to have swapping parties.
slang.
a. verb trans. Dismiss from employment. M19.
b. verb trans. Foll. by off: cheat, take in. Orig. US. M19.
c. verb intrans. Change one's clothes. rare. E20.
Comb.: swap-hook (chiefly dial.) a reaping-hook for cutting crops close to the ground.
swapper noun (a) colloq. a person who swaps or exchanges something; (b) slang & dial. something very big; spec. a huge lie: L17.
swapping adjective (a) striking; flapping; (b) dial. swooping, pouncing; (c) colloq. very big, whopping: LME.