Loan: Difference between revisions
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imported>Doug Williamson (Add heading.) |
imported>Doug Williamson (Expand definition.) |
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A loan is an arrangement for lending and borrowing, most commonly of money. | A loan is an arrangement for lending and borrowing, most commonly of money. | ||
A loan is a borrowing (liability) for the borrower, and an investment (asset) for the lender. | |||
In the commercial context loan arrangements are legally enforceable and normally formalised in a loan agreement. | In the commercial context loan arrangements are legally enforceable and normally formalised in a loan agreement. | ||
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== See also == | == See also == | ||
* [[Advance]] | * [[Advance]] | ||
* [[Assets]] | |||
* [[Debt]] | * [[Debt]] | ||
* [[Impaired loan]] | * [[Impaired loan]] | ||
* [[Liabilities]] | |||
* [[Loan agreement]] | * [[Loan agreement]] | ||
* [[Loans and receivables]] | * [[Loans and receivables]] | ||
Revision as of 11:08, 5 August 2021
Lending - borrowing.
A loan is an arrangement for lending and borrowing, most commonly of money.
A loan is a borrowing (liability) for the borrower, and an investment (asset) for the lender.
In the commercial context loan arrangements are legally enforceable and normally formalised in a loan agreement.
