1. An instance of lending: a bank that makes loans to small businesses. 2. a. A sum of money that is lent, usually with an interest fee: took out a loan to buy a car; repaid the loan over five years. b. The agreement or contract specifying the terms and conditions of the repay...
The meaning of LOAN is money lent at interest. How to use loan in a sentence. Loan vs. Lend: Usage Guide
A contract governing the extension of money from one party to another with the agreement that the money will be repaid. A loan agreement states the interest rate, the repayment period, the collateral (if any) and any special terms. Farlex Financial Dictionary. © 2012 Farlex, Inc. All Righ...
Paying private mortgage insurance (PMI) is stupid. They might as well borrow money from a friend to borrow more money from us and never take ownership of their financial lives. It's as if nobody learned their financial lesson from the past five years. Most will turn out OK in the ...
The reason for my loan was that I borrowed part of the down payment on my home from a friend. My friend gave me the money without requiring me to sign anything. I wanted to provide him with a Promissory Note to show my good faith in repayment. I chose to do it myself because I ...
Words related to loan collection nouna number of pictures loaned by their owners for exhibition Related Words art collection Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Want to thank TFD for its existence?Tell a friend about us, add a link...
By making a personal loan, you're risking some of your own money and financial security to help someone else. A personal loan agreement template can help you create a great contract to protect yourself, in the event that the borrower doesn't pay. Some of the best practices for the creatio...
A Loan Agreement, also known as a Loan Contract or Personal Loan Agreement, is used to loan or borrow money with or without interest included. It typically covers the amount of the loan, the interest rate, the repayment terms, and other specific provisions and terms that will be explained ...
and what happens if the borrower defaults (is unable to pay according to the terms). Loan agreements should be used even when lending money to a friend or family member. Unlike a casual IOU, a formal contract makes every detail clear for both parties, can be legally binding, and can help...
Before Saying Yes to the Loan Before you give a friend or family member a personal loan, you're entitled to ask some questions: What is the money for?: Regardless of whether the loan is large or small, you have a right to know how it will be used. If the reason doesn't sit well...