Loan Definition Of Loan By The Free Dictionary

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Posted on January 02, 2019 at 18:32 PM



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Loan (bank) - definition of Loan (bank) by The Free Dictionary
loan (lōn) n. 1. An instance of lending: a bank that makes loans to small businesses. 2. a. A sum of money that is lent, usually with an interest fee: took out a loan to buy a car; repaid the loan over five years. b. The agreement or contract specifying the terms and conditions of the repayment of such a sum. c. The repayment obligation associated with ...
Loan | Define Loan at Dictionary.com
Loan definition, the act of lending; a grant of the temporary use of something: the loan of a book. See more.
Unsecured loan financial definition of unsecured loan
Unsecured Loan A loan that is not secured by an asset or lien, but rather by the all issuer's assets not otherwise secured. This means that an unsecured liability carries no collateral; in case of bankruptcy, the bondholder is considered a general creditor. Thus, the bondholder is paid out of funds that do not have a prior claim on them with a secured ...

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