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TeachMeFinance.com - explain Foreign loan historic definition... Foreign loan -- A loan issued by a foreign government in the form of bonds or other certificates of debt, such as exchequer bills or notes, treasury bills or notes, etc. The term foreign loan also is applied to a loan obtained in a foreign country by a corporation, firm or individual. In the case of such a loan the usual practise, if security is to be provided, is for the borrower to draw against the loan and to accompany the draft with collateral which may be securities (stocks or bonds) or documents (bills of lading, warehouse receipts, etc). About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.