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Glossary > L > "Loan" Definition

Loan

If you borrow $1 million dollars, it is said that you have taken out a loan for $1 million dollars.

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.

An advance of money from a lender to a borrower over a period of time. The borrower is obliged to repay the loan either at intervals during or at the end of the loan period together with interest.

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Loan \ If you borrow $1 million dollars, it is said that you have taken out a loan for $1 million dollars.

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.

An advance of money from a lender to a borrower over a period of time. The borrower is obliged to repay the loan either at intervals during or at the end of the loan period together with interest.

Loan / if you borrow $1 million dollars, it is said that you have taken out a loan for $1 million dollars.

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.

an advance of money from a lender to a borrower over a period of time. the borrower is obliged to repay the loan either at intervals during or at the end of the loan period together with interest.