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Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer.
A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
The word calque is a loanword, while the word loanword is a calque: calque comes from the French noun calque ("tracing; imitation; close copy"); [5] while the word loanword and the phrase loan translation are translated from German nouns Lehnwort [6] and Lehnübersetzung (German: [ˈleːnʔybɐˌzɛt͡sʊŋ] ⓘ). [7]
A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
In linguistics, a calque (/ k æ l k /) or loan translation is a word or phrase borrowed from another language by literal word-for-word or root-for-root translation.When used as a verb, “to calque” means to borrow a word or phrase from another language while translating its components, so as to create a new word or phrase in the target language.
Savings and loan association definition. A savings and loan association (S&L) is a financial institution that provides banking and home lending services. It is somewhat comparable to a bank or ...
A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
Seasoning requirements can also apply to getting a loan after bankruptcy or foreclosure, and to mortgage refinances. For mortgages, money becomes "seasoned" after it's been in an established ...