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In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, ...
Loan receivable is a banking term for an asset account that shows amounts owed by borrowers. The lender's ledger details all unpaid amounts from borrowers. Loans ...
A loner is a person described as not seeking out, actively avoiding, or failing to maintain interpersonal relationships.. There are many potential causes for this solitude.
A loan agreement (also known as a lending agreement [1]) is a contract between a borrower and a lender which regulates the mutual promises made by each party.
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]
Loan officers typically need a bachelor's degree, usually in a field such as business or finance. Because commercial loan officers analyze the finances of businesses applying for credit, they need to understand general business accounting, including how to read financial statements.
A business loan is a loan specifically intended for business purposes. [1] As with all loans, it involves the creation of a debt , which will be repaid with added interest . There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans , business cash ...
A mortgage loan is a secured loan in which the collateral is property, such as a home.; A nonrecourse loan is a secured loan where the collateral is the only security or claim the creditor has against the borrower, and the creditor has no further recourse against the borrower for any deficiency remaining after foreclosure against the property.