Back-to-Back Loan Law and Legal Definition
Back-to-Back Loan is a method of borrowing between related parties where a loan is channelled through an independent third-party intermediary. These types of loans are usually to circumvent foreign exchange restrictions. Such arrangements typically involve parent and subsidiary firms where parent remains liable for repayment in case the subsidiary defaults.
Legal Definition list
Related Legal Terms
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Air Loan
- Allowance for Loan and Lease Losses
- Amortized Loan
- Automatic Premium Loan Option
- Average Agricultural Loan Customer
