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 swap spread is the difference between the fixed interest rate and the yield of the Treasury security of the same maturity as the term of the swap. For example, if the going rate for a 10-year Libor swap is 4% and the 10-year Treasury note is yielding 3%, the 10-year swap spread is 100 basis points.