|
|
Back to back loan |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Back to back loanA situation where an investment organisation, such as an investment trust, deposits sterling with a UK bank which subsequently arranges with a foreign associate bank to lend the equivalent amount of foreign currency to the investment organisation. The purpose of this transaction is to hedge against currency fluctuations affecting the portfolio.Similar MatchesPlowback ratePlowback rateRelated: Retention rate Tax clawback agreementTax clawback agreementAn agreement to contribute as equity to a project the value of all previously realized project-related tax benefits not already clawed back. Exercised to the extent required to cover any cash deficiency of the project. Back to back inheritance tax planBack to back inheritance tax planThe combination of a life assurance policy and an annuity on the same life the purpose of which is to reduce inheritance tax.The annuitant seeks to more than replace capital expended for the annuity by paying premiums on a life policy, the proceeds of which pass to his/her dependants on death and outside the estate. Backward integrationBackward integrationAcquisition by a firm of its suppliers. Backward linkageBackward linkageThe use by one firm or industry of produced inputs from another firm or industry. Further SuggestionsSale and lease backHoldback Backdating Drawback Back taxes mortgage backed security Leaseback Stripped mortgage backed securities (SMBS) Lookback option Discounted payback period rule Backed in Buyback Back office Asset backed security Drawback share buyback Death backed bonds carry back Back up Backward bending Commercial Mortgage Backed Securities "Buy them back" Take back mortgage Reachback Feedback Systems |
|
|
|