Loan

From ACT Wiki
Revision as of 11:09, 5 August 2021 by imported>Doug Williamson (Links ordering.)
Jump to navigationJump to search

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.


See also