what does loan mean
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- Freebase(0.00 / 0 votes)Rate this definition: In finance, a loan is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset for a period of time, between the lender and the borrower.
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FINANCE • FINANCE (noun) The noun FINANCE has 3 senses: 1. the commercial activity of providing funds and capital. 2. the branch of economics that studies the management of money and other assets. 3. the management of money and credit and banking and investments. Familiarity information: FINANCE used as a noun is uncommon.
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loan Definition of loan for Students. 1  1 : money given with the understanding that it will be paid back. 2  2 : something given for a time to a borrower That's not mine, it's a loan.
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mortgagenoun  [ C] mortgage meaning, definition, what is mortgage: an agreement that allows you to borrow money from a bank or similar organization…. Learn more.
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What is a 'Repayment' DEFINITION of 'Repayment'. The act of paying back money previously borrowed from a lender. Repayment usually takes the form of periodic payments that normally include part principal plus interest in each payment. The other common method of repayment is a lump sum with interest at maturity.
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- Trends of 'collateral'. Translations for 'collateral'. Collateral is money or property which is used as a guarantee that someone will repay a loan.Many people use personal assets as collateral for small business loans.
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GRADUATE • GRADUATE (noun) The noun GRADUATE has 2 senses: 1. a person who has received a degree from a school (high school or college or university) 2. a measuring instrument for measuring fluid volume; a glass container (cup or cylinder or flask) whose sides are marked with or divided into amounts. Familiarity information: GRADUATE used as a noun is rare. • GRADUATE (adjective) The adjective GRADUATE has 1 sense: 1. of or relating to studies beyond a bachelor's degree. Familiarity information: GRADUATE used as an adjective is very rare.
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- definition : loanword. A loanword (also loan word or loan-word) is a word adopted from one language (the donor language) and incorporated into another language without translation. This is in contrast to cognates, which are words in two or more languages that are similar because they share an etymological origin, and calques, which involve translation.
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- The abstract noun borrowing refers to the process of speakers adopting words from a source language into their native language. Loan and borrowing are of course metaphors, because there is no literal lending process. There is no transfer from one language to another, and no returning words to the source language. The words simply come to be used by a speech community that speaks a different language from the one these words originated in. Borrowing is a consequence of cultural contact between two language communities.
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What is the role of a project management office (PMO)? A Project Management Office or PMO is a specific department within an organization that is responsible for maintaining the standards of project management within that organization. The role of project management office (PMO) in organizations vary based on the type of organization and projects that needs to be implemented or delivered. The most common domain of work or role of PMO includes the following: Project support. The first and foremost role of PMO is to provide necessary project management support in the form of guidance to project managers of an organization. PMO is also responsible for coaching new project managers on various ways an organization can run ...
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loan Definition of loan. 1  1a : money lent at interest took out a loan to pay for the new carb : something lent usually for the borrower's temporary use. 2  2a : the grant of temporary use Can I have the loan of your car?b : the temporary duty of a person transferred to another job for a limited time He had been on loan to the navy during the war.
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credit Credit. Credit generally refers to the ability of a person or organization to borrow money, as well as the arrangements that are made for repaying the loan and the terms of the repayment schedule. If you are well qualified to obtain a loan, you are said to be credit-worthy. Credit is also used to mean positive cash entries in an account. For example, your bank account may be credited with interest. In this sense, a credit is the opposite of a debit, which means money is taken from your account. credit
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Loan In finance, a loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment.
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Borrow To receive money from another party with the agreement that the money will be repaid. Most borrowers borrow at interest, meaning they pay a certain percentage of the principal amount to the lender as compensation for borrowing. Most loans also have a maturity date by which time the borrower must have repaid the loan.
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Difference Between Lien and Mortgage A mortgage is a contract between the lender and the borrower that allows a borrower to borrow money from a lender for the purchase of housing/property. A mortgage is also an assurance to the lender which promises that the lender can recover the loan amount even if the borrower defaults.
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loannoun [+ two objects] I'd loan you the ​money if I could./I'd loan the ​money to you if I could. (Definition of loan from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press). See all translations.
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What is 'Debt' What is 'Debt'. Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
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What Is a Bank Loan? They make money largely through loans. A bank loan is an arrangement in which a bank gives you money that you repay with interest. Loans are distinct from revolving credit accounts, such as credit cards or home equity lines of credit, which allow you to continually borrow and repay up to a certain amount.
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- Definition of funding a loan in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is funding a loan? Meaning of funding a loan as a finance term. What does funding a loan mean in finance?
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Combo Mortgage Set A loan agreement is: 1  A borrower's written promise to repay a sum of money, or principal, to the lender. 2  A document that outlines the terms of a loan, including a repayment plan, between a lender and a borrower.  Commercial or business loans, such as a small business loan for.
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Free Loan Agreement A Loan Agreement is a document between a borrower and lender, in which the borrower promises to pay back a loan to the lender according to a specified repayment schedule.N CONSIDERATION OF the Lender loaning certain monies (the Loan) to the Borrower, and the Borrower repaying the Loan to the Lender, both parties agree to keep, perform and fulfill the promises and conditions set out in this Agreement:
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- In simplest terms, a mortgage is a long-term loan designed to help the borrower purchase a house. In addition to repaying the principal, the borrower is obligated to make interest payments to the lender, and the home and the land around it serve as collateral.
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- (March 2016) A loan agreement is a contract between a borrower and a lender which regulates the mutual promises made by each party. There are many types of loan agreements, including facilities agreements, revolvers, term loans, working capital loans..
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Definitions &Translations In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time.
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secured loan secured loan. Definition. A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. The assets may be forfeited to the lender if the borrower fails to make the necessary payments. Use secured loan in a sentence.
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- Interest is money paid by a borrower to a lender for a credit or a similar liability.