loan for exchange |
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Definition
Express or implied contract under which a lender hands over (see delivery) personal property (such as cash) to a borrower. The borrower is obligated to return the personal property of equivalent value within a specified or reasonable period. Type of lend lease.
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loan for exchange is in the Banking, Commerce & Finance subject.
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http://www.businessdictionary.com/definition/loan-for-exchange.html