Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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)
What is the pronunciation of back-to-back loan?
Add Cambridge dictionaries to your browser to your website

Word of the Day

shadow

an area of darkness, caused by light being blocked by something

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More