loan
Sign in to savethumb|right|Loan document issued by the Bank of Petrevene, Bulgaria, dated 1936
AI overview
A loan is money that a lender gives to a borrower with the agreement that it will be paid back, typically with added interest charges. Loans matter because they allow people and businesses to access money they need now for purchases or investments, while spreading the cost of repayment over time.
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Article
15 sectionsContents
- Types
- Secured
- Unsecured
- Demand
- Subsidized{{anchor|Subsidized loan}}
- Concessional
- Target markets
- Personal
- Commercial
- Loan payment
- Abuses in lending
- United States taxes
- Income from discharge of indebtedness
- See also
- References
thumb|right|Loan document issued by the Bank of Petrevene, Bulgaria, dated 1936
In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money.