U-turn transaction
n.— «Iranian banks and other institutions could previously send transactions through US banks as long as they were initiated by a non-Iranian or American bank outside the US and ended in a non- Iranian or American bank outside the US. That practice, known as “U-Turn” transactions, has been banned in attempt to further isolate Iran’s financial sector.» —“US tightens Iran’s access to international finance” Monsters & Critics Nov. 6, 2008. (source: Double-Tongued Dictionary)
Further reading
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Sneaky contract lingo, advice for writing well, and preserving a dying language. Say you’re scrolling through an online transaction where you’re asked to read the “Terms and Conditions.” Do you actually read them or just check the...