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

pup

a baby of particular animals, or a puppy

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More