What does direct loan mean?
Definitions for direct loan
di·rect loan
This dictionary definitions page includes all the possible meanings, example usage and translations of the word direct loan.
Princeton's WordNet
direct loannoun
a loan by a lender to a customer without the use of a third party; direct lending gives the lender greater discretion in making loans
Wikipedia
direct 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
direct loan
A direct loan is a type of loan in which the lender directly provides funds to the borrower without any intermediaries. The term is often used to refer to loans offered by the government, like the Federal Direct Loan Program. The repayment terms, interest rates, and fees are typically established and overseen by the lending institution. The borrower is directly responsible to repay the loan to the lender along with any agreed upon interest and fees.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of direct loan in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of direct loan in Pythagorean Numerology is: 2
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"direct loan." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/direct+loan>.
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