LOAN FOR EXCHANGE
\lˈə͡ʊn fɔːɹ ɛkst͡ʃˈe͡ɪnd͡ʒ], \lˈəʊn fɔːɹ ɛkstʃˈeɪndʒ], \l_ˈəʊ_n f_ɔː_ɹ ɛ_k_s_tʃ_ˈeɪ_n_dʒ]\
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Overt or implied contract requiring a lender to deliver to a borrower specific property and/or cash. A type of lend lease. Within a defined or agreed-to period of time, the borrower returns the property, or an agreed-to equivalent as required, to the lender.
By Henry Campbell Black
Word of the day
Two Hybrid Method
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