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Loan |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.06 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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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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