The exchange of two securities, interest rates, or currencies for the mutual benefit of the exchangers. For example, in an interest rate swap, the exchangers gain access to interest rates available only to the other exchanger by swapping them. In this case, the two legs of the swap are a fixed interest rate, say 3.5%, and a floating interest rate, say LIBOR + 0.5%. In such a swap, the only things traded are the two interest rates, which are calculated over a notional value. Each party pays the other at set intervals over the life of the swap.
As of this writing, Cards Against Humanityâs Black Friday Hole has raised just under $29,000, which is enough to pay for 28 hoursâ worth of digging. [Featured Image by chrisdorney/Shutterstock] Share 0
Cards Against Humanity has begun its annual Black Friday prank, and this time, theyâre digging a hole. Thatâs it; theyâre digging a hole, and as long as the money keeps coming in, theyâll keep digging. According to a website dedicated to the hole, the manufacturers of the famously off-color party game are accepting donations to continue the digging. Each donation buys a certain amount of digging at each price point.