Usually means: Option to enter a swap agreement.
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We found 19 dictionaries that define the word swaption:

General (9 matching dictionaries)
  1. swaption: Longman Dictionary of Contemporary English
  2. swaption: Oxford Learner's Dictionaries
  3. swaption: American Heritage Dictionary of the English Language
  4. swaption: Collins English Dictionary
  5. swaption: Wordnik
  6. swaption: Wiktionary
  7. swaption, swaption (swap option): Dictionary.com
  8. Swaption: Wikipedia, the Free Encyclopedia
  9. swaption: TheFreeDictionary.com

Business (10 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. swaption: Webster's New World Finance & Investment Dictionary
  3. Derivatives (No longer online)
  4. INVESTORWORDS (No longer online)
  5. Swaption: bizterms.net
  6. Swaption: Bloomberg Financial Glossary
  7. Swaption: Investopedia
  8. Comprehensive Financial (No longer online)
  9. swaption: Financial dictionary
  10. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (swaption)

noun:  (finance) An instrument granting the owner an option to enter an interest rate swap.
noun:  (finance) More generally, an option on any type of swap.

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