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

See all translations

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

fire-eater

a performer who entertains people by seeming to swallow flames

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More