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
This post was updated Nov. 3 at 10:35 p.m. to reflect that Netflix fired Kevin Spacey from House of Cards. Itâs been less than a week since the first sexual assault accusation against Kevin Spacey came out, but the actorâs role in the Netflix series House of Cards is done forâand perhaps his career is, too. The cancellation of House of Cards alone could cost Spacey up to $6.5 million in future earnings. For Spacey, a regular on Forbesâ list of top-paid TV actors who earned $12 million last year, the seven-figure acting roles and endorsement gigs that heâs accustomed to landing are likely a thing of the past.