Index Amortizing Swap

Dictionary Says

Definition of 'Index Amortizing Swap'

A swap whereby the notional principal amount of the agreement is amortized according to the movement of an underlying rate.

Also known as "indexed principal swap."
Investopedia Says

Investopedia explains 'Index Amortizing Swap'

Index amortizing swaps could be based on LIBOR or mortgage interest rates.

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'Index Amortizing Swap'

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