- Back-to-back Loans
- Arrangement whereby a loan in one currency is set against a loan in another currency. It can be used to avoid or overcome exchange risks and exchange controls. Also known as parallel loans.
Financial and business terms. 2012.
Back-to-back Loans
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back-to-back loan — /ˌbæk tə bæk ləυn/ noun a loan from one company to another in one currency arranged against a loan from the second company to the first in another currency. Also called parallel loan (NOTE: Back to back loans are (used by international companies… … Dictionary of banking and finance
back — [bæk] verb [transitive] 1. to support someone or something, especially by giving money or using your influence: • The board backed Mr Standley, who plans to cut costs. • Shareholders have backed a plan to build a second plant. 2. FINANCE if … Financial and business terms
back-end loading — UK US noun [U] (also backloading) ► FINANCE an arrangement in which someone pays the largest part or all of a debt at the end of an agreed period of time: »For people who take on interest only loans, the effect of back end loading is that the… … Financial and business terms
Loans and interest in Judaism — The combination of loans and interest, in Judaism, is a complicated and detailed subject. The biblical Hebrew terms for interest are neshekh (Heb.: נשך), literally meaning a bite , in reference to its painfulness to the debtor, and marbit /… … Wikipedia
back-to-back loan — One loan of a matching pair of loans in different currencies: A lends to B and B lends to A where the loans are of the same value. The back to back loan was a precurser of the currency swap and can be used to avoid currency restrictions … Big dictionary of business and management
back — back1 W1S1 [bæk] adv ▬▬▬▬▬▬▬ 1¦(return to place)¦ 2¦(as before)¦ 3¦(previous place)¦ 4¦(backwards)¦ 5¦(reply/reaction)¦ 6¦(return something to somebody)¦ 7¦(in the past)¦ 8¦(again)¦ 9 sit/lie/lean back 10¦(away)¦ … Dictionary of contemporary English
back — I [[t]bæ̱k[/t]] ADVERB USES ♦ (In addition to the uses shown below, back is also used in phrasal verbs such as date back and fall back on .) 1) ADV: ADV after v, oft ADV prep If you move back, you move in the opposite direction to the one in… … English dictionary
back — 1 adverb 1 RETURN in or into the place or position where someone or something was before: Freddie was supposed to be back at the hotel by six. | Put that book back where you found it! | We d better go back, she said regretfully. 2 AS BEFORE in or … Longman dictionary of contemporary English
Parallel Loans — ► See Back to back Loans … Financial and business terms
Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha … Wikipedia
