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English definition of “back-to-back loan”

back-to-back loan

noun [C]
 
 
FINANCE an arrangement in which two companies in different countries lend each other equal amounts of money in their own currency and pay it back in their own currency in order to avoid loss if, for example, the relationship between the values of the two currencies changes
(Definition of back-to-back loan from the Cambridge Business English Dictionary © Cambridge University Press)
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