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EQUITY INDEX SWAP Definition & Legal Meaning

Definition & Citations:

An OVERTHECOUNTER SWAP involving the exchange of a floating INTEREST RATE for potential gains from the appreciation or depreciation of an EQUITY reference index (which may be a COMMON STOCK, a BASKET, or a broad market index). Also known as EQUITY SWAP. See also EQUITY CALL SWAP, EQUITY DERIVATIVE, EQUITY PUT SWAP.


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