Category: Loan

In financial terms a loan is a borrowing of monies by one or several persons, institutions, corporations or other entities and then to repay that borrowed amount or to interest on that borrowed amount. The borrower is usually legally liable to repay interest on that loan until it is paid off and to also repay the original principal amount borrowed. Unlike other forms of borrowing that a person can make use of for a short period of time (such as credit card borrowing), loans are meant to be used for…

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In business, a loan is a financial transaction involving a lender and a borrower. In finance, a loan is a lending of currency by one or more persons, institutions, or other entity to another persons, organizations etc. The borrower is obligated to repay principal amount borrowed and usually interest on that amount until it is fully paid. The term loan in financial engineering is used to refer to any financial transaction between an individual or group of individuals and institutions. Lenders in finance refer to borrowers as creditors, and financial…

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In financial terms, a loan is an unsecured borrowing of money by you, one or more people, institutions, or other entities and therefore the giving of money to the recipient. The recipient is normally responsible to repay principal amount borrowed and to some extent interest on that borrowed amount until it is fully paid. This way loans help in meeting financial obligations such as home or auto loans, education or business start-up loans and so on. Loans are typically sought by both individuals and companies to meet short term needs…

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