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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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