Usually means: Exchange of fixed for variable rates.
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We found 15 dictionaries that define the word interest rate swap:

General (3 matching dictionaries)
  1. interest rate_swap: Wiktionary
  2. interest rate_swap: Dictionary.com
  3. Interest rate swap: Wikipedia, the Free Encyclopedia

Business (12 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. INTEREST RATE_SWAP (IRS): Accounting Glossary
  4. Interest rate swap: Bloomberg Financial Glossary
  5. Interest rate swap: Harvey Financial
  6. interest rate_swap: Finance-Glossary.com
  7. MonsterMoving Mortgage Glossary (No longer online)
  8. Interest Rate Swap: Investopedia
  9. Comprehensive Financial (No longer online)
  10. Interest Rate Swap: Financial dictionary
  11. BusinessDictionary.com (No longer online)
  12. Interest rate swap: WashingtonPost.com: Business

Definitions from Wiktionary (interest rate swap)

noun:  (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.

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