Changes

A '''loan''' is the giving of money by one person or entity (usually a bank) to another person or entity who [[promise]]s to repay the loan in the future, typically with [[interest]].  Usually the loan is given based on the [[security]] of the lender being able to acquire ownership of the asset being acquired by the loan.

A '''loan''' is the giving of [[money]] by one person or entity (usually a [[bank]]) to another person or entity who [[promise]]s to repay the loan in the future, typically with [[interest]].  Usually the loan is given based on the [[security]] of the lender being able to acquire ownership of the [[asset]] being acquired by the loan.

While personal loans among individuals may involve repayment all at once, loans through financial institutions usually encompass regular payments to satisy the [[debt]].

While personal loans among individuals may involve repayment all at once, loans through financial institutions usually encompass regular payments to satisfy the [[debt]].

==See Also==

==See Also==

 

* [[Government loan program]]s

* [[Government loan program]]s

[[Category:Legal Terms]]

[[Category:Legal Terms]]

[[category:business]]

[[category:business]]

[[Category:economics]]

[[Category:economics]]