Loan Meaning

Loan Meaning May 20 2025 nbsp 0183 32 A loan is a form of credit where a specific amount of money is given to someone with the agreement that it will be paid back later In many cases the lender also adds interest

In finance a loan is the tender of money by one party to another with an agreement to pay it back The recipient or borrower incurs a debt and is usually required to pay interest for the use of The meaning of LOAN is money lent at interest How to use loan in a sentence

Loan Meaning

Loan Meaning

Loan Meaning
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Definition of loan noun from the Oxford Advanced Learner s Dictionary countable money that an organization such as a bank lends and somebody borrows She took out an 8 000 personal A loan is a debt incurred by an individual or some entity The other party in the transaction is called a lender it is usually a government financial institution or corporation They lend the

The act of lending the loan of a book money lent The bank granted the loan Some contend that lend is a verb and loan is a noun However loan as a verb meaning to lend has been used in There are five general types of loans secured unsecured demand subsidized and soft loans When the borrower agrees to pay a certain amount on specific dates he or she has made a

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When someone organizes a loan they arrange it or fix it If someone guarantees a loan they agree to pay back the money if the person who gets the loan does not With a fixed rate loan Sep 29 2020 nbsp 0183 32 A loan is a sum of money that is borrowed by an individual or business from a lender typically a financial institution or another party with money

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Loan Meaning - There are five general types of loans secured unsecured demand subsidized and soft loans When the borrower agrees to pay a certain amount on specific dates he or she has made a