A type of decentralized finance (DeFi) transaction where a contract sends the user tokens before payment occurs with assets on the opposite side of the trading pair. The distinction between a flash loan and a flash swap is that a flash swap enables repayment with a different asset, whereas a flash loan requires repayment in the same cryptocurrency or token. Flash Swaps occur in a single Ethereum transaction.
NFT Term
Flash Swap
Definition of Flash Swap from the NFTguild.com glossary.

