Covered Foreign Currency Loan

Business, Legal & Accounting Glossary

Definition: Covered Foreign Currency Loan


Covered Foreign Currency Loan


Full Definition of Covered Foreign Currency Loan


A loan issued in a currency different from that used by the borrower. A foreign currency forward contract is used to spell out repayment terms to include how currencies will be traded in the future.


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Covered Foreign Currency Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/covered-foreign-currency-loan/.
Chicago Manual of Style (CMS):
Covered Foreign Currency Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/covered-foreign-currency-loan/ (accessed: March 29, 2024).
American Psychological Association (APA):
Covered Foreign Currency Loan. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/covered-foreign-currency-loan/

Definition Sources


Definitions for Covered Foreign Currency Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.