| 单词 | BACK-TO-BACK LOAN |
| 释义 | (1) A pair of local currency LOANS between two companies, documented under a single agreement providing for the right of OFFSET, which allows the companies to onlend the local currency funds to their own subsidiaries and eliminates the need for the subsidiaries to source their own local financing. (2) A loan commitment from a BANK to a real estate developer that includes a construction loan for initial building and a permanent MORTGAGE loan for ongoing financing once the project has been developed. (1) See also PARALLEL LOAN. |
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法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。