back to back definition

back to back

Pair of linked agreements or transactions in which all liabilities, obligations, and rights of one agreement or transaction are mirrored in the second.

back to back is in the Agreements & Contracts, Banking, Commerce & Finance, Corporate, Commercial, & General Law and International Trade & Relations subjects.

back to back appears in the definitions of the following terms: prime letter of credit (L/C), reciprocal letter of credit, back to back letter of credit (L/C), back to back credit, transferable letter of credit (L/C), counter guarantee, second issuing bank, switched bill of lading (B/L) and counter credit

back to back appears in these other terms: back to back guarantee, back to back ticket, back to back loan

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