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Simple English definitions for legal terms

back-to-back loan

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A quick definition of back-to-back loan:

A back-to-back loan is when two companies lend each other money in different currencies for a set amount of time. It's like borrowing a toy from a friend and lending them a different toy in return.

A more thorough explanation:

A back-to-back loan is a type of loan arrangement where two companies lend each other funds in different currencies for a specific period. This type of loan is also known as a parallel loan.

For example, Company A in the United States needs funds in Japanese yen, while Company B in Japan needs funds in US dollars. They can enter into a back-to-back loan agreement where Company A lends US dollars to Company B, and Company B lends Japanese yen to Company A. This way, both companies can obtain the currency they need without having to go through the foreign exchange market.

Back-to-back loans are commonly used by multinational corporations to manage their currency risks and avoid exchange rate fluctuations.

back-title letter | back-to-work agreement

General

General chat about the legal profession.

General >T14 Off Topic

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1a2b3c4d26z

14:45

how is everyone doing this fine friday

1a2b3c4d26z

14:46

Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)

1a2b3c4d26z

14:46

What is everyone else doing tonight

1a2b3c4d26z

14:47

Besides YM of course

sadpadresfan

14:47

Yoooo I’m a lifter too

renard99

14:47

I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:

renard99

14:47

https://www.youtube.com/watch?v=URtqADoz9uA

babycat

14:48

renard what are you drinking?

BulbasaurNoLikeCardio

14:50

Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.

1a2b3c4d26z

14:51

Renard if you're not drinking margs Im gonna throw hands

renard99

14:51

Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor

1a2b3c4d26z

14:51

missing range time :(

1a2b3c4d26z

14:52

That sounds good renard but unfortunately I'll still have to throw hands

Rightfullytherlauren

14:53

Tonight I’m Having a date with this guy who asked me out couple times

BulbasaurNoLikeCardio

14:54

What made you give in and go out after he asked a couple times?

Rightfullytherlauren

14:55

Other failed dates

babycat

14:55

That’ll do it

Rightfullytherlauren

14:56

Question, how many of u would sleep on first date

babycat

14:57

honestly my answer is it depends

babycat

14:57

there has to be a very specific vibe to make me want to do that. not like a regular date

babycat

14:59

and sometimes you want to and you still don’t do ir

babycat

14:59

it

babycat

15:00

but I don’t use dating apps so all my first dates are with people I’ve already met in some context, which it sounds like is your situation too

Dkk

15:00

I could never imagine myself doing that on a first date.

Dkk

15:01

@BulbasaurNoLikeCardio: hope things get better

babycat

15:01

@Dkk: what if it’s someone you’ve known for a long time but never dated?

Dkk

15:03

Maybe but things would have to go like perfectly. I could not imagine them going perfectly.

renard99

15:04

Sleeping on the first date just isn't my style, idk. I take things painfully slowly and much prefer to befriend and really get to know a girl first before doing any of that

Rightfullytherlauren

15:04

Ok another question, what do u tell the ppl u sleeping with already that ur going on dates

Dkk

15:05

The bigger issue is if I sleep with them will I have the emotional connection to finish cus it is harder for me to finish if I do not know the person.

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