Word: swaption
Part of speech: Noun
Syllables: swap
tion
Definition: An instrument granting the owner an option to enter an interest rate swap.
Morphemes:
Affix: swap
Language: en
PoS: Noun
Meaning: A financial derivative in which two parties agree to exchange one stream of cashflow against another stream.
Affix: opt
Language: en
PoS: Verb
Meaning: To choose; select.
Etymology Compounds: Affix: optare
Language: la
Decoded: optare
PoS: Verb
Meaning: I choose, select, opt.
Affix: -ion
Language: en
PoS: Suffix
Meaning: an action or process, or the result of an action or process
Etymology Compounds: Affix: -iō
Language: la
Decoded: -io
PoS: Suffix
Meaning: Used to form abstract nouns from verbs.