back-to-back loan Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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

"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 ​equalamounts of ​money in their own ​currency and ​pay it back in their own ​currency in ​order to ​avoidloss if, for ​example, the ​relationship between the ​values of the two ​currencieschanges
(Definition of back-to-back loan from the Cambridge Business English Dictionary © Cambridge University Press)
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