What does commercial loan mean?
Definitions for commercial loan
com·mer·cial loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word commercial loan.
Princeton's WordNet
business loan, commercial loannoun
a bank loan granted for the use of a business
Wikipedia
commercial 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
commercial loan
A commercial loan is a type of financing provided by a bank or other financial institution to businesses for a range of business purposes. These loans are often used for major capital expenditures or to cover operational costs that the company may not have the necessary funds to cover. The terms of the loan, such as interest rate and repayment period, can vary depending on the lender, the size of the loan, and the intended use of the loan. Commercial loans are often secured by business assets or collateral.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of commercial loan in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of commercial loan in Pythagorean Numerology is: 8
Examples of commercial loan in a Sentence
We will do everything we can to keep the airline going – but we will need government support to achieve that in the face of the severe uncertainty surrounding travel today and not knowing how long the planes will be grounded for, this would be in the form of a commercial loan – it wouldn't be free money and the airline would pay it back.
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"commercial loan." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/commercial+loan>.
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