swap line

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English[edit]

Etymology[edit]

swap + line (of credit)

Noun[edit]

swap line (plural swap lines)

  1. (banking) A procedure whereby a central bank (usually the United States Federal Reserve) trades money with a foreign bank in one currency in exchange for an equivalent amount of money in the foreign bank's domestic currency, for the purpose alleviating a currency shortage.

Anagrams[edit]

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