Definition of detention. 1 : the act or fact of detaining or holding back; especially : a holding in custody. 2 : the state of being detained; especially : a period of temporary custody prior to disposition by a court.
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1 something that is exchanged. 2  Also called : : swap option, swaption (finance) a contract in which the parties to it exchange liabilities on outstanding debts, often exchanging fixed-interest-rate for floating-rate debts (debt swap), either as a means of managing debt or in trading (swap trading). Also called : : swap option, swaption (finance) a contract in which the parties to it exchange liabilities on outstanding debts, often exchanging fixed-interest-rate for floating-rate debts (debt swap), either as a means of managing debt or in trading (swap trading).