LIBOR-in-arrears (LIA) swa) - Financial definition
Concise definition of the term LIBOR-in-arrears
A swap in which one of the legs is a fixed rate and the other is LIBOR-in-arrears (i.e. LIBOR set and paid at the end of each period, rather than set at the beginning and paid at the end of each period as with a normal swap).
Comprehensive definition of the term LIBOR-in-arrears
Used to take a view on short-term forward rates. It can also be structured with one leg as LIBOR-in-arrears and the other leg as LIBOR plus or minus a spread.