What does consumer loan mean?
Definitions for consumer loan
con·sumer loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word consumer loan.
Princeton's WordNet
personal loan, consumer loannoun
a loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay
Wikipedia
consumer loan
Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of consumer loan in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of consumer loan in Pythagorean Numerology is: 6
Examples of consumer loan in a Sentence
We would expect the biggest losses to be associated with the consumer loan portfolios in the oil-producing provinces of Alberta and Saskatchewan.
According to your disclosure it looks like you received that [loan] at an interest rate of 6% but the going rate for a consumer loan was 11%, do you feel like that's some type of conflict of interest?
The average first-time franchisee has never taken out any form of business loan before, and their nearest understanding of financing is usually some form of consumer loan, it can be very frustrating for a new franchisee who comes from that background to learn the hard way that the lending sources who helped them buy their house or car are not necessarily the best sources to help them finance their franchise opportunity.
Translation
Find a translation for the consumer loan definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"consumer loan." Definitions.net. STANDS4 LLC, 2024. Web. 9 May 2024. <https://www.definitions.net/definition/consumer+loan>.
Discuss these consumer loan definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In