Parallel Loan: A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of reducing foreign exchange risk. Also referred to as back-to-back loans.

 

Related Words

Parallel Loan: A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of red . . . View Full Definition

Parallel Twin: A two-cylinder engine configuration in which both cylinders are mounted side-by-side and across the frame.

Parallel Wiring: A circuit in which two or more devices are connected to the same source of voltage, sharing a common positive and negative point, so that each device receives the full applied voltage.

Paralleling: When two or more DC motors are required to operate in parallel - that is, to drive a common load while sharing the load equally among all motors - they should have speed-torque characteristi . . . View Full Definition

Parallel Stance: When the feet, ankles, knees, and legs are aligned directly under the hip joints, with the toes pointing forward. For most people, the inner borders of the big toes will be 4 to 6 inches apa . . . View Full Definition

Parallelism: Two or more expressions that share traits, whether metrical, lexical, figurative, or grammatical, and can take the form of a list.

Parallel Shift In The Yield Curve: A shift in economic conditions in which the change in the interest rate on all maturities is the same number of basis points. In other words, if the three month T-bill increases 100 basis po . . . View Full Definition

Parallel Evolution: The development of similar characteristics in organisms that are not closely related (not part of a monophyletic group) due to adaptation to similar environments and/or strategies of life.

Parallel Plate Intake: Intake of a stilling or protective well with two parallel plates attached below. The plates are typically three times the diameter of the well and are spaced three inches apart. The plates a . . . View Full Definition

Parallel Port: A parallel interface for connecting an external device such as a printer. Most personal computers have both a parallel port and at least one serial port. On PCs, the parallel port uses a 25- . . . View Full Definition