What does lending institution mean?
Definitions for lending institution
lend·ing in·sti·tu·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word lending institution.
Princeton's WordNet
lending institutionnoun
a financial institution that makes loans
ChatGPT
lending institution
A lending institution is a financial establishment such as a bank, credit union, or finance company that provide loans to individuals or businesses. These loans are often used for specific purposes like purchasing homes or cars, starting a business or funding education. These institutions earn profit by charging interest on the loans they provide, which is usually paid back along with the principal amount over a determined period of time. They may also charge additional fees.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of lending institution in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of lending institution in Pythagorean Numerology is: 1
Examples of lending institution in a Sentence
If you’re thinking about borrowing from your 401(k) plan or any lending institution, be really strategic about your borrowing, understand why you think tapping into your 401(k) or borrowing money is important. Think about why you’re investing in your 401(k) in the first place. It’s because it’s a very efficient way to save for your retirement.
This will help provide some type of stability for that type of lending institution. It's confidence.
Translations for lending institution
From our Multilingual Translation Dictionary
- institución crediticiaSpanish
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"lending institution." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/lending+institution>.
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