👉 In finance, a "foregaprove" (also known as a "forward gate") is an interest rate swap agreement that allows one party to pay more for a future payment of principal and interest on a loan or debt instrument. The other party in the swap agrees to receive the same amount of principal but at a higher interest rate than would be paid under a standard forward rate swap. For example, if two parties agree to swap 20% of their outstanding loans with a fixed-rate loan
