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Loan (view source)

Revision as of 12:38, August 11, 2007

334 bytes added ,  12:38, August 11, 2007
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A loan is the payment of money by one person (usually a bank) to another 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.
[[category:legal terms]]
[[category:business]]
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