Insurance Exam Vocabulary Terms

Swap

An agreement to exchange or net payments as the buyer of an Option, Cap or Floor and to make payments as the seller of a different Option, Cap or Floor.

NextNext

Other terms you may be interested in:

Insurance Tests - Pass your Insurance Exam Now!

Our Insurance Exam Prep Includes...

Hundreds of Insurance Practice Test Questions (that apply to your state)
Insurance Vocabulary Flashcards
Study-Mode & Timed-Exam Mode
2025 Updated Material
User-Friendly On All Devices
1 Week / 1 Month / 3 Month Access
Insurance Exam Tip Videos
Support From Licensed Instructor
Insurance Terms & Glossary
100% Pass Money-Back Guarantee
★

Or
Insurance Practice Tests - Practice on any device
Start Now