HomeDefinitionsCompareDebt Substitution swapThe financial definition for Substitution swap:A swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield. Similar MatchesAsset substitutionAsset substitutionOccurs when a firm invests in assets that are riskier than those that the debtholders expected. Import substitution development strategyImport substitution development strategyA development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth. No SubstitutionNo SubstitutionWithin the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee. Further SuggestionsSame day substitutionClick to compare definitions of Substitution swap Click to view definitions beginning su |