DEFINITION of 'Swap'. Traditionally, the exchange of one security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed. Recently, swaps have grown to include currency swaps and interest rate swaps.Next Up.REAKING DOWN 'Swap'. If firms in separate countries have comparative advantages on interest rates, then a swap could benefit both firms. For example, one firm may have a lower fixed interest rate, while another has access to a lower floating interest rate. These firms could swap to take advantage of the lower rates.
Delmar, Alabama. Delmar is a small, rural, unincorporated community in west-central Winston County, United States. Delmar is located six miles north of Natural Bridge, five miles south of Haleyville and 15 miles west of Double Springs, the county seat of what was once the Free State of Winston.. Delmar has an elevation of 881 feet above sea level.
Cullman County comprises the Cullman, AL Micropolitan Statistical Area, which is a component of the Birmingham-Hoover-Talladega, AL Combined Statistical Area. Cullman is served by TV stations and FM radio stations from both Huntsville and Birmingham.Cullman County is a part of the designated market area, or DMA, of Birmingham. Electricity in Cullman County is provided by the Tennessee Valley Authority and by the Alabama Power Company.For a long time, telephone service in this county was provided by the Southern Bell Company.ts county seat is Cullman. Its name is in honor of Colonel John G. Cullmann. It is a moist county in terms of availability of alcoholic beverages; the cities of Cullman, Good Hope and Hanceville allow sale of alcohol and are wet and the rest of the county is dry.