loan for exchange
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.
Popular 'Banking, Commerce & Finance' Terms
loan for exchange in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/loan-for-exchange.html
