loan definition: 1. an amount of money that is borrowed, often from a bank, and has to be paid back, usually…. Learn more. loan definition in English dictionary, loan meaning, synonyms, see also 'balloon loan',bridging loan',call loan',consolidation loan'. Enrich your vocabulary with the English Definition dictionary
Learner's definition of LOAN. 1 [count]: an amount of money that is given to someone for a period of time with a promise that it will be paid back: an amount of money that is borrowed. He took out a loan (from the bank) to pay for the car. He got a car loan.
Loan meaning definition. Loan definition, the act of lending; a grant of the temporary use of something: the loan of a book. See more. Loan underwriting is the process of a lender determining if a borrower's loan application is an acceptable risk. Underwriters assess the borrower's ability to repay the loan based on an analysis. What is Personal Loan? Personal loan means, an unsecured type of loan that can be used to cater to various financial needs including home renovation, payment of education fees, medical fees, vehicle repair, debt consolidation, best credit card payment and others. Getting this type of loan has now become easy owing to digital advancement.
Based on these, the term loan interest rates also vary along with other terms of lending. As per the term loan meaning, these advances are available in the following variants. – Short-term loans A short-term loan is a type of advance offered for a duration ranging between 12 to 18 months. On loan definition: If something is on loan , it has been borrowed. | Meaning, pronunciation, translations and examples Home Loan: A sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms.
loan: An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time. Usually, there is a predetermined time for repaying a loan, and generally the lender has to bear the risk that the borrower may not repay. Loan Company Definition: The Loan Company is a financial institution principally engaged in the business of providing finance to the public, whether by making loans or advances or otherwise, for any activity other than its own (Excludes equipment leasing and hire-purchase activities). Definition: A loan principal is the amount the borrower agrees to pay the lender when the loan becomes due, not including interest.In other words, this is the amount the borrower owes the lender, not including interest, at any given point in time during the life of the note.
Understanding Loans . A loan is a form of debt incurred by an individual or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to the. Definition Types Advantages Disadvantages; Receiving money from a friend, bank, or financial institution in exchange for future repayment of the principal plus interest Loan Capital Long-term capital employed from sources other than common stock or savings. That is, loan capital is what a company has borrowed or issued in preferred stock. Loan capital is distinguished by the fact that a company is required to pay coupons or dividends periodically. That is, unlike common stock, loan capital carries a fixed liability for.
Define loan. loan synonyms, loan pronunciation, loan translation, English dictionary definition of loan. the act of lending: the loan of a book; money lent: The bank granted the loan. Not to be confused with: lend – to grant the use of something that will be… Loan Against Securities is a secured loan where you can pledge your shares, bonds & other assets which can be accepted against your loan. Loan against securities is a kind of credit facility which can fix all your financial needs. loan meaning and definition /ləʊn/ (UK), /loʊn/ (US) Noun. Frequency: plural loans. banking, finance A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned.
A term loan is a loan issued by a bank for a fixed amount and fixed repayment schedule with either a fixed or floating interest rate. Companies often use a term loan's proceeds to purchase fixed. Definition of mortgage loan: Installment loan advanced against real property secured under a mortgage agreement. Dictionary Term of the Day Articles Subjects ‘The terms of the loan were onerous to the airline and lucrative to the American bank, because at the time Ethiopia had a very adverse risk rating.’ ‘In all likelihood, the debt was incurred on Lord Petre's ‘iorney to Axminster’ exactly twelve months earlier, a year being a round term for a loan.’
Loan definition is – money lent at interest. How to use loan in a sentence. loan vs. lend Loan definition: A loan is a sum of money that you borrow . | Meaning, pronunciation, translations and examples Definition of long term loan: A form of debt that is paid off over an extended time frame that exceeds one year in duration.. Before you get started with loan applications you must have a solid understanding and justification for why you need a. Read more. Jeff Rose . SBA Business Loans for Funding Your New Start up. ADVERTISEMENT.
home loan: Loan acquired from a financial institution to purchase a home. Home loans consist of an adjustable or fixed interest rate and payment terms. Home loans may also be referred to as mortgage loans.