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Loan
(redirected from auto loan)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.03 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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said it has launched an online platform that allows consumers to apply for an auto loan and auto insurance at the same time.
NEW YORK -- Fitch Ratings upgrades three classes and affirms one class of Whole Auto Loan Trust 2004-1.
auto loan ABS seller/servicers, focusing on three principal areas - corporate background, origination and underwriting, and servicing - each with various subcategories.
 
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