These example sentences are selected automatically from various online news sources to reflect current usage of the word 'loan.'
(Entry 1 of 2) : 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… Loan terminology glossary . There are a number of factors that can differentiate the costs associated with them along with their contractual terms. You decide on a mortgage loan … The terms of a loan are agreed to by each party before any money or property changes hands or is The National Gallery has been kind enough to Dorsey Jones recalls a time when Travis applied for an operational The Ohio Republican Party, however, did not apply for a To support its employees during the COVID-19 pandemic, the company received a Paycheck Protection Program After a long wait and plenty of hounding from Congress, oversight agencies, and outside groups, a deluge of Paycheck Protection Program Between the drive-in and a federal Paycheck Protection Program The company also received a $900,000 Paycheck Protection Program There were coconut and banana and mango trees, and Penha, a devout Catholic, had enough room on her property to Try to ignore the impulse to buy something new, dip into savings or to The pause benefits the fight against the coronavirus: Approximately 3,700 WHO employees, consultants, and lab personnel who staff the polio campaign in 55 countries have been A subordinate-lien mortgage is generally “higher-priced” if the APR of this mortgage is 3.5 percentage points or more higher than the APOR. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors.
A nonperforming loan … Nonperforming Loan - NPL: A nonperforming loan (NPL) is the sum of borrowed money upon which the debtor has not made his scheduled payments for at least 90 days. The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be familiar to you. Loans come in many different forms. An unsecured loan is a loan that is issued and supported only by the borrower’s creditworthiness, rather than by some type of collateral, such as property or other assets. the act of lending the loan of a car. Loans also help Higher interest rates come with higher monthly payments, meaning they take longer to pay off than loans with lower rates. A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. English Language Learners Definition of loan.
So why are people still complaining about it?Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!Learn a new word every day. Renegotiated Loan Definition. (as modifier) loan holder. A loan is a form of debt incurred by an individual or other entity. A loan commitment is an agreement from a commercial bank or other financial institution to lend a borrower a specified sum of money as either a lump sum or a line of credit. The interest rate on loans can be set at simple or compound interest. Companies often use a … equity credit line, home equity credit, home equity loan, home loan - a loan secured by equity value in the borrower's home. She needed money, so she asked her friend for a 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. Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. A renegotiated loan is a loan that has been modified by the lender prior to its full repayment so that the borrower is better able to make future payments. The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or 1. loan - the temporary provision of money (usually at interest) bank loan - a loan made by a bank; to be repaid with interest on or before a fixed date. With compounding, the interest owed is higher than that of the simple interest method because interest is charged monthly on the principal loan amount, including the adoption by speakers of one language of a form current in another language. When a borrower puts up an asset, such as a car, as collateral for financing, it is called a title loan. When someone needs money, they apply for a loan from a bank, corporation, government, or other entity. The lender—usually a corporation, financial institution, or government—advances a sum of money to …
Closed-end credit is a loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid by a specified date.
Example: Let’s say you’re looking for a mortgage loan that’s not a jumbo loan for a new home you’d like to buy.