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Loan
(redirected from Loan account)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
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.


Loan
Temporary borrowing of a sum of money. If you borrow $1 million you have taken out a loan for $1 million.

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Nobody liked my idea of funneling cash gifts into the student loan account.
Contribution transfers are automatically made to the holder's student loan account on a quarterly basis, as long as the student loan account has been linked to the holder's Upromise account and provided the minimum transfer requirement has been met.
They allegedly took $200,000 from the loan account.
 
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