View Full Document. 2. The enzyme that is responsible for breaking the hydrogen bonds between the two strands of DNA is _________________________. 3. Griffithâs experiment showed that live bacteria without capsules acquired the ability to make capsules from dead bacteria with capsules in a process Griffith called ____________________.
Freebase(0.00 / 0 votes)Rate this definition: Swap. In finance, a swap is a derivative in which counterparties exchange cash flows of one party's financial instrument for those of the other party's financial instrument. The benefits in question depend on the type of financial instruments involved.
A recovery swap is an agreement between two parties to swap a real recovery rate (whenever it is ascertained) with a fixed recovery rate that can be locked in today. The parties are speculating on whether a company that is no longer liquid will pay out more or less than a certain percentage for each bond.