Substitution Swap Love Machine 16 years ago Substitution Swap A money manager may swap one bond for another which has the same maturity, credit quality and other terms, but has a higher yield/return. Random Finance Terms for the Letter S Subprime Loan Subscription Price Subsidiary Substitute Sale Substitution Swap Sum-Of-The-Years-Digits Depreciation Sunk Costs Super Hedging Supermajority Supply Chain Recommended for you: Sum-Of-The-Years-Digits Depreciation Supermajority Super Hedging Substitute Sale