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To trade something for something else whether it be another object, money or something else. Also see swap meet.
"I'll swap you these two pistols for one of those uzis."

"Swap me that gold watch for this gold chain."
by IceWarm November 21, 2004
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May 5 Word of the Day
A catch all word to describe anything that is basic, uncool or untrendy. According to The New York Times, "cheugy (pronounced chew-gee) can be used, broadly, to describe someone who is out of date or trying too hard."

Things that are cheugy:

The New York Times
PT Cruisers
Goldendoodles

Australians

Addison Rae
White people
Billionaires

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by Callmemaybe69 May 04, 2021
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2
S.W.A.P. is an acronym that stands for "Shit With A Partner." This is most commonly used by students at the University of Pittsburgh. It is usually used by people that ask a friend if they need to take a shit at the same time.
"Yo, you tryin to S.W.A.P.?"
-"No, I just shit."
by E and Z October 31, 2009
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3
(FINANCE) a type of financial derivative which two parties "swap," or exchange, the streams of income (or payments) from two different sources. The actual instrument is created by a third party, such as an investment bank.

The most familiar version of the swap is the interest rate swap, in which the holder of a fixed rate loan and the holder of an adjustable rate loan agree to exchange revenue streams.

The variety of swaps available is massively greater than with options or futures; essentially, swaps exist for every arbitrage opportunity that any combination of markets provides; the market for swaps is huge.
BILL: Why do firms buy swaps? Why don't they just sell the loans they have to other banks, or whatever?

ANNA: One is that swaps are a method of hedging risk; you hold the bond in case the price goes up, but you buy interest rate swaps to protect against having average rates in your portfolio that are two high or two low.
by Abu Yahya April 05, 2010
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4
Among a group of two or more couples, to swap means to trade partners for the explicit purpose of engaging in sexual relations with a different partner. See also group sex and orgy.
"Mary has always been flirting with my husband Jim. Because I have always fancied her husband Bob, I asked her if she wanted to come over and have a swap."
by IM2 April 04, 2006
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abbreviated way of saying Swap Meet, an outdoor flea market, usually with cheap/no admission, tends to be located in large parking lots with many stalls of independent sellers. Usually stalls are made of metal pipes and tarps.
Want to come with me to the swap this weekend?
by sarita_frito November 28, 2004
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A syndrome of having a Sweaty Ass Penis
Hiking the Aspen disc golf course gave Foley a S.W.A.P. and his girlfriend didn't appreciate it.
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by Pandova August 30, 2020
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