loan-backs

A form of loan-back — 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.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

noun
  1. pluralplural of loan-back
Cite this entry
APA

loan-backs. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/loan-backs

MLA

“loan-backs.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/loan-backs. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “loan-backs,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/loan-backs.

Source: loan-backs on Wiktionary, CC BY-SA 4.0.