Personal Loans Definition Of

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Posted on September 20, 2018 at 02:50 AM

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Loan - Investopedia
A loan is money, property or other material goods that is given to another party in exchange for future repayment of the loan value amount with interest.
What are unsecured personal loans? definition and meaning ...
A personal loan that is not backed with collateral.The borrower promises to repay the loan without offering an asset such as a home or car to serve as collateral in the event the loan is not repaid. For example, To be approved for an unsecured personal loan, a borrower must have a good credit history.
Loan | Definition of Loan by Merriam-Webster
For individuals, loans can be personal loans, mortgages or lines of credit. Why It Matters A loan is a liability, meaning the lender has a claim on a company’s assets.

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