Previously known as bookout, it refers to the closing out of a swap transaction, whereby the net debtor’s pays the…

The act of terminating a swap agreement by mutual consent of the parties at an early date before maturity. The...

In connection with swaps, it is an agreement between the two parties in which they have agreed to terminate the...

The cancellation of a swap or an over-the-counter derivative contract which takes place before maturity. A party to a derivative...