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back slang
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Also available:
World English Dictionary
Dictionnaire Français
back-to-back loan
back-to-back loan
noun
Definition:
mutual borrowing of each other's currency:
a loan in which two companies in separate countries borrow each other's currency for a particular period, and repay each other's currency at an agreed rate upon maturity
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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