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Loan |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.01 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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