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What does seller mean?

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seller
Noun

1. The party in a repurchase agreement that repos out a security and receives the cash.
2. The party in an interest rate swap (IRS) that pays a floating rate of interest (floating leg) and receives the fixed stream of cash flow.

Synonym(s): 
  • borrower (1.); cash taker (1.); fixed rate receiver (2.); floating rate payer (2.).
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