(fraud) A social engineering scam in which a perpetrator takes over the phone number of a target.

(fraud) To engage in a SIM swap scheme.

(slang, vulgar) An instance of cum swapping.

(finance) A contract to exchange the benefit of one interest rate with another. Often a fixed interest rate is exchanged for a variable rate so as to allow one party to remove an exposure to a variable rate for which they pay a premium on the fixed rate in order to compensate for this 'insurance'. The two rates can also be based on different currencies.

(finance) A credit derivative contract between two counterparties, whereby the buyer (seller of risk) makes periodic payments to the seller (buyer of risk) in exchange for the right to a payoff if there is a default or other credit event in respect of a third party called reference entity.

(finance) A financial derivative that transfers both the credit risk and market risk of an underlying asset.

(idiomatic) Alternative form of change horses in midstream

present participle of swap horses in midstream

simple past tense and past participle of swap horses in midstream

(childish) The act of swapping.