Category: Loans

Loans

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
“borrowers can take out a loan
When you take out a loan, you’ll pay it back slowly over time through monthly payments. At some point, you’ll have repaid the entire loan and you’ll be free of the debt. The amount of time the lender gives you to repay your loan is called the term length, or your “loan term.”
The definition of a loan is the agreement of lending money with interest and a plan to repay it. An example of a loan is the agreement to give you money to buy a house.
Loan Payments means the amounts required to be paid by the Borrower in repayment of the Loan under the provisions of the Loan Agreement, the Note, and the Bond Mortgage.

Loans