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Loan
(redirected from car loan)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.04 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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Financial Snapshot: Steven Taylor HOUSEHOLD INCOME Gross Income $48,000 ASSETS Virginia Beach Time-share $10,000 Retirement Account $3,500 Savings 500 Value for Car * 6,155 Total $20,155 LIABILITIES Balance on Time-share $10,000 Credit Cards $4,000 Car Loan 5,720 Total $19,720 NET WORTH $435 * ACCORDING TO KELLEY BLUE BOOK.
Planning ahead: Steven Taylor mulls a second career after retirement by Nash, Sheryl Nance / Black Enterprise
Here's a simple test: If you earn the median income for Southern California and have a car loan, chances are pretty good that you are in or are near the consumer debt danger zone.
DEBT DANGER ZONE MORE SOUTHLAND RESIDENTS OWE MORE THAN THEY CAN ... by Daily News (Los Angeles, CA)
The rubber industry in 2002 will probably have a harder time turning things around because of the 0% percent car loan program and the tire recall in 2001 that have already borrowed from this year's production.
Let's skip this year. (Editorial) by Smith, Don R. / Rubber World
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