An INTEREST RATE SWAP with a floating INTEREST RATE that is set in arrears rather than in advance; thus, the rate may be set two days before payment date, rather than six months plus two days before payment date (as on a standard semiannual swap). Also known as LIBOR IN ARREARS SWAPS.ARTICLES OF INCORPORATION A legal document filed by the founders of a company that results in the issuance of a certificate of incorporation from an authorizing government or legal entity. The articles contain details on the company