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.