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Loan Financial Glossary

What is it? When a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money, along with interest, at a predetermined date in the future.

Finance Term Definition Added By: Evan

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We hope you now understand the meaning of Loan. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Buyback is When a firm repurchases its own stock from the public.

Financial Term Inside Market is The highest bid and the lowest offer prices among all competing dealers in a Nasdaq security, i.e., the best bid and offer prices.

Financial Term Deed in Lieu (of Foreclosure) is When a homeowner cant make the mortgage payments and cant find a buyer for the house, the lender may accept ownership of the property in place of the money owed on the mortgage.

Financial Term Real Estate Loan is A loan that uses real property as security or collateral for the loan (see Mortgage, Deed of Trust, Adjustable Rate Mortgage, Bi-weekly Payment Mortgage, Loan, Fixed Rate Loan).

Financial Term Revolving Line of Credit is An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. Most credit cards offer revolving credit.