The simultaneous, or nearly simultaneous, purchase of one debt security with the proceeds from the sale of another debt security. The swap is done after the investor has conducted an analysis showing that the debt security being purchased has more desirable characteristics than the debt security being sold. American Banker Glossary
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The sale of one bond issue and purchase of another bond issue simultaneously. Bloomberg Financial Dictionary
See: swap; swap order. Bloomberg Financial Dictionary
Financial and business terms. 2012.