Loan Bank Financial Definition

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Posted on November 12, 2018 at 22:40 PM

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A loan is when you receive money from a friend, bank or financial institution in exchange for future repayment of the principal, plus interest. The principal is the amount you borrowed, and the ...
Loan - Wikipedia
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or house) as collateral.. A mortgage loan is a very common type of loan, used by many individuals to purchase residential property. The lender, usually a financial institution, is given security – a lien on the title to the property – until the mortgage is paid off in full.
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Bank loan definition, an amount of money loaned at interest by a bank to a borrower, usually on collateral security, for a certain period of time. See more.

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