Loan Definition

October 14, 2009 by  
Filed under Blog, Loan Definition

What is a loan?

A loan is when the lender gives money to a borrower, and the borrower agrees to certain terms in repaying the money.  Many times this is included with a fee of interest.  There is usually a time period to pay the loan off.  The lender faces the risk of not being paid back.

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Housing Assist Coldwellbanker