loan-backs
loan-backs is the plural of loan-back.
Meaning of loan-back
Noun
loan-back (plural loan-backs)
- A money laundering or tax avoidance scheme in which money is deposited in an offshore bank and then borrowed back by a shell company controlled by the holder of that bank account.
- It was Lansky who pioneered the “loan-back” technique. Money was moved in the form of cash, traveller's cheques, or bearer bonds for deposit in numbered Swiss accounts. The money then returned home in the form of "loans" to the person who had initiated the cycle, who would replay the loan with...2013, Richard Swift, Great Revenue Robbery: How to Stop the Tax Cut Scam and Save Canada, →ISBN
Questions about loan-backs
- What is loan-backs the plural of?
- Loan-backs is the plural of loan-back.
Words near loan-backs in the dictionary
Source and license
Adapted from Wiktionary: loan-backs (page history and authors); loan-back (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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