What does bank loan mean?
Definitions for bank loan
bank loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word bank loan.
Princeton's WordNet
bank loannoun
a loan made by a bank; to be repaid with interest on or before a fixed date
Wikipedia
bank loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Acting as a provider of loans is one of the main activities of financial institutions such as banks and credit card companies. For other institutions, issuing of debt contracts such as bonds is a typical source of funding.
ChatGPT
bank loan
A bank loan is a sum of money lent by a financial institution to an individual, business, or organization, which is expected to be paid back with interest over a predetermined period of time. The borrower is obliged to make regular payments, including the borrowed principal amount and interest until the total debt is repaid in full. The terms and conditions of the loan, including the interest rate and repayment schedule, are determined at the time of loan agreement.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of bank loan in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of bank loan in Pythagorean Numerology is: 7
Examples of bank loan in a Sentence
Finance Minister Luis Videgaray:
It would have been very difficult, practically impossible to obtain a bank loan.
We are currently looking at some that have related characteristics. So we are looking at bank-loan funds that may have similar problems. We're also looking at ETFs.
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"bank loan." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/bank+loan>.
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