TeachMeFinance.com - explain Foreign loan
Foreign loan -- A loan issued by a foreign government in the
form of bonds or other certificates of debt, such as exchequer
bills or notes, treasury bills or notes, etc.
The term foreign loan also is applied to a loan obtained in a
foreign country by a corporation, firm or individual. In the
case of such a loan the usual practise, if security is to be provided,
is for the borrower to draw against the loan and to accompany
the draft with collateral which may be securities
(stocks or bonds) or documents (bills of lading, warehouse
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