Swap Rate

The amount you and your spouse date other people.

Also, something dealing with interest rate derivatives.

A swap, in financial terms, relates to a deal where two parties trade the income generated from interest-bearing investments. Most commonly, one side trades the proceeds from a fixed-rate investment for something with a floating-rate one.

The swap rate refers to the rate provided by the fixed-rate side. The other side usually consists of some index tracking overall interest rates (such as LIBOR), plus or minus some range of percentage points.

The swap rate effectively forms the base rate for determining the other details of the swap contract.