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What Is The Meaning Of Loan? |
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Answer» An ARRANGEMENT in which a lender gives MONEY or property to a borrower, and the borrower AGREES to return the property or repay the money, usually along with interest, at some future point in time. Usually, there is a PREDETERMINED time for repaying a loan, and generally the lender has to bear the risk that the borrower may not repay a loan. An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point in time. Usually, there is a predetermined time for repaying a loan, and generally the lender has to bear the risk that the borrower may not repay a loan. |
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