WHAT’S A LOAN?

Please report what a loan is?

{ 2 comments }

WannaRetire March 3, 2014 at 1:52 pm

Definitions of LOAN on the Web:

the temporary provision of money (usually at interest)
lend: give temporarily; let have for a limited time; “I will lend you my car”; “loan me some money”
loanword: a word borrowed from another language; e.g. `blitz’ is a German word borrowed into modern English
wordnet.princeton.edu/perl/webwn

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the ‘ and the ‘. The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt.
en.wikipedia.org/wiki/Loan

Borrowing from the insurer and securing the amount of the loan by the cash value in the life insurance policy. If the insured dies when there is an outstanding loan balance, the amount of the loan and any unpaid interest will be deducted from the proceeds.
http://www.veteranslife.com/glossary.asp

money borrowed that is usually repaid with interest.
http://www.affiliatedmortgageservices.com/html/dictionary.html

An amount of money a borrower will take out from a lender to pay for a purchase.
http://www.loanjargon.com/jargon.htm

jacob c March 3, 2014 at 2:23 pm

that is one of the stupidest questions i have seen on here. a loan is when some one gives you some money normally a large amount and ask you to pay them back monthly plus a little interest.

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