Meaning of “back-to-back loan” in the English Dictionary

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"back-to-back loan" in Business English

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back-to-back loannoun [ C ]

uk us

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)