The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LOAN FOR EXCHANGE Definition & Legal Meaning

Definition & Citations:

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.

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