Entry from British & World English dictionary
Definition of on-lend in English:
Lend (borrowed money) to a third party: capital intermediaries borrowing funds from one part of the world and on-lending it to another part
More example sentences
- For example Company B might lend some of its retained earnings to one of the shaded box occupants who is a small child who then is smart enough to on-lend the money at a higher rate of interest into the family business.
- A B-loan is where instead of direct participation IFC lends to a consortium of banks that on-lends to projects.
- If the reserves are on-lent for overseas operations, this could lead to encumbrance on the reserves and once again they would not be characterised as reserves.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.