POLITICO NEWSROOM

The nerdy meaning of "swap"

Episode Notes

Think you know what "swap" means? Think again. POLITICO financial services reporter Kellie Mejdrich breaks down the word's nerdier definition: an agreement between two parties to exchange a series of future cash flows.

Kellie Mejdrich is a reporter for POLITICO Pro Financial Services.
Jenny Ament is a senior producer for POLITICO's audio. 
Irene Noguchi is the executive producer of POLITICO's audio.