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Loan |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.54 sec. |
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Loan When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money along with interest, at a predetermined date in the future. Notes: Borrowing money to buy a new car is a loan, as is borrowing money to construct a specialty coffee shop in your kitchen... we all have dreams.See also: All-In Cost, Bond, Creditor, Hypothecation, Interest, Lien, Loan Sharking, Loan Syndication, Mortgage, Policy Loan Loan |
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? Mentioned in | ? References in periodicals archive | |
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Power and Associates 2006 Consumer Financing Satisfaction Study, more than 42% of new car loans were funded by sources other than the automakers' in-house finance companies, also known as "captives" in the industry. Among its bread and butter products are mortgages, car loans and certificates of deposit. Three years ago, banks in Mexico started to fight more aggressively for the credit market, and car loans were no exception. |
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