R
Reversal
R
Reversal
(1) The
termination
of a swap through cancellation of the original agreement or, less frequently, initiation of a partial
mirror swap
to
offset
the remaining term of the original swap. (2) See Conversion (1),
Reconversion
,
Reverse Conversion
. (3) Buying a call to lock in a profit on a short
outright
forward
currency
position.
See also:
Short
Glossary
*
R