amortising swap
interest rate swap in which the notional principal for the interest payments declines (i.e. is paid down) during the life of the swap
en-US/ˈæmɚˌtaɪzɪŋ ˈswɑp/
en-GB/əmɔːtɪsɪŋ ˈswɒp/
interest rate swap in which the notional principal for the interest payments declines (i.e. is paid down) during the life of the swap