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.
Link to This DefinitionDid you find this definition of LOAN FOR EXCHANGE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary